The valuation processes when assessing guaranteed annuity rates is to be simplified meaning fewer people will be required to take financial advice before giving up their safeguarded benefits, the government has said.
Since pension freedom was introduced, in April last year, people with a guaranteed annuity rate valued at £30,000 or more have been forced to take financial advice before giving up the benefit. It was...
To continue reading this article...
Join Professional Adviser
- 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.
