Advisers 'don't see profit in annuities'

More than eight in ten (84%) advisers say they would welcome more annuities business, while a similar number (80%) say they are prepared to take on customers with smaller pension pots, research by Assureweb suggests. But many are reluctant to take on what is often seen as a more complex aspect of their business without first ensuring they will be able to turn a profit. "The annuities side is fairly fraught with a whole host of issues which could trip advisers up, leaving them with very little return on quite a large investment of their time," says Steve Hunt of Rockingham Retirement. ...