We are told IFAs want to sell more annuities. All well and good. But are they up to speed with this most complex of products?
You are a busy IFA, but you want to get into the annuities market to help bump up business volumes. Here are a few things to ask yourself. Is there a GMP within your EPP or is it a 226 or even a Section 32? What was the GMP revaluation rate and are there sufficient fund in the Section 32 to cover the GMP or was the GMP converted to protected rights? More? Ok. It's a 226 not a Section 32 - but is there a GAR in your 226? Well actually, it's not a 226 or a Section 32 it's an EPP, currently contracted out under RST but it does have a legacy GMP. Still with me? You get the picture. Th...
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