I read recently that a study by Just Retirement had shown one in three IFAs has written fewer than ten annuity cases in the past year.
I find this quite disheartening when I think the annuity market is predicted to be worth £20bn by 2012. IFAs seem to be missing their slice of the pie. These are challenging times for those approaching retirement and seeking an ongoing income stream. With interest, annuity rates and standard investment options all looking lacklustre in the low base rate climate, the traditional life and pensions models are certainly being stretched to satisfy the needs of today's generation. The retirement solutions needed today may well be far more complex, but we should not be shying away from this. N...
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