IFAs have welcomed Scottish Widows' plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.
Today Widows announced its plans to re-engage with the IFA annuity market, and is considering a similar strategy for the IFA protection market. Billy Burrows, director of Better Retirement Group, said: "There are currently only three or four players in the non-enhanced annuity space, so any entry to the market is a good thing." Alan Higham, director of Retirement Angels, said: "I am pleased to see more providers in the marketplace as it will increase competition between annuity providers. "That competition will also mean Widows' own customers, some of whom do not shop around for an...
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