Primetime Retirement has closed to new business applications, citing changing market conditions as part of the reason for its decision, Professional Adviser can reveal.
In an email sent to advisers this morning, which has been seen Professional Adviser, the pension provider said it had decided to pull out from the market, but that existing customers would not be affected. The firm said: "We have taken the decision to pull back from the market at this time as a result of market conditions and a number of developments we wish to make to our systems. "We will continue to accept applications linked to illustrations already produced until the end of the illustration guarantee period, and will continue to process and complete business as normal for applica...
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