Adviser concern over MAS links to tied agent

clock

Advisers have expressed concerns about a new annuity comparison tool on the Money Advice Service (MAS) which links to the Saga Annuity Service, a tied agent.

The service has recently been overhauling its website, and, whereas previously it had an annuity comparison table, the new tool links more directly to sales. One of the companies listed offering an annuity is Saga, although it is not made clear that the firm is in fact a tied agent, only selling Legal & General products. Brian Hill, managing director at Jones Hill, said: "They're sending consumers into the lion's den to be at the mercy of tied advisers. It's completely bang out of order. "We're funding our competitors here and that is absolutely disgraceful." Another concern abo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

AI in wealth management: Why security cannot be an afterthought

AI in wealth management: Why security cannot be an afterthought

'Generative AI introduces considerations that sit outside traditional criteria'

Vinit Gela
clock 17 February 2026 • 5 min read
Altruist 'here for' advisers CEO says with UK wealth market in recovery

Altruist 'here for' advisers CEO says with UK wealth market in recovery

Sell off this week labelled ‘bonkers’

Isabel Baxter
clock 12 February 2026 • 5 min read
FCA urged to provide clearer AI guidance amid review

FCA urged to provide clearer AI guidance amid review

Review to consider impact by 2030 and beyond

Jen Frost
clock 09 February 2026 • 6 min read