Concerns are mounting about sales of annuities, while savers are increasingly looking overseas for diversification. It's IFAonline's round-up of the weekend's national newspapers...
Annuities 'mis-selling' "After endowments and payment protection insurance, could annuities be the next mis-selling scandal?" This was the stark opening to an extensive piece in the Observer over the weekend. According to the article, possible grounds for complaints will vary: some people who have a condition that might shorten life expectancy might have missed out on an enhanced annuity with a better rate because they weren't asked about their health. Others, the firm says, could have been sold unit-linked annuities without sufficient explanation of the risks; or the provider could...
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