Just under half (49pc) of IFAs expect the market for variable annuities to grow over the next year, according to research by MetLife Europe.
Three in five IFAs also see confidence in the market being boosted by product launches and more providers entering the space. There is also evidence of IFAs needing to deepen their knowledge of such products, with almost two in three (63pc) believing a lack of knowledge will hamper the market's growth. Dominic Grinstead, strategic development and marketing director at MetLife, said: "MetLife is dedicated to spreading the word about the value of pensions with unit-linked guarantees, which still constitute a nascent market in the UK. They provide an excellent solution for advisers and the...
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