While annuity market conditions have improved, recent file checks show that advice quality is not always keeping pace, writes Shirley Owen. As guaranteed income moves back into focus, the scrutiny applied to annuity advice is likely to intensify...
After years in the wilderness, annuities are once again playing a meaningful role in retirement planning. Higher interest rates have strengthened pricing, bringing this option back into sharper focus for advisers and their clients. Guaranteed income, previously viewed as inflexible or poor value, is increasingly being considered a practical way to secure essential expenditure and better financial certainty in retirement. This renewed focus comes alongside heightened regulatory scrutiny. The Financial Conduct Authority's Consumer Duty and its ongoing work on retirement income advice h...
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