DWP email reveals anti-IFA stance

Retirement Angels director Alan Higham emailed the DWP with a proposed solution to encourage people to shop around for their annuity. He suggested people approaching retirement are sent a "red letter" by the government detailing their options and urging them to seek advice on annuities. DWP officials accidentally forwarded an internal email discussion about his proposal back to him, revealing their opposition to the idea. The email, seen by IFAOnline, reads."We did not like the proposed solution which drives people to seek paid for advice." There is also an admission the DWP had...