Scottish Widows has launched an 'Annuity Bureau', which the firm said will offer customers its own rates alongside the 'best rate' elsewhere in the market for comparison.
The engine to compare Scottish Widows' rates alongside "the best" in the market will be run by broker Hub Financial Solutions. If customers decide against the Scottish Widows' rate they will have the option to be passed onto a member of the Hub guidance team. The life and pensions company said the comparison service would provide "tailored, high quality guidance to make shopping around a complex market easier, pulling out the best rates for soon-to-be retirees." Scottish Widows said it would not charge customers if they opt for a Scottish Widows annuity on retirement. The firm's...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
