Key Retirement Solutions acquires Annuity People

The business said the acquisition builds on Key Retirement's existing direct to consumer annuity business. The two companies began working together in July when clients of Annuity People, headed by managing director Malcolm Thomas, were referred to Key Retirement after Honister Capital went into administration leaving its appointed representatives unable to write new business. Key Retirement said the deal would allow the two companies to expand the IFA annuity service in a rapidly growing market "where the Retail Distribution Review (RDR) means offering a strong referral service will ...