Financial adviser Billy Burrows has launched retirement-iq.co.uk, a dedicated directory of annuity policies and pension drawdown plans.
Designed for use by both financial advisers and individual clients, Retirement IQ founder Burrows (pictured) said advisers would find the site a useful research tool to fulfil regulatory requirements.
The marketplace provides details of retirement income options in five categories: lifetime annuities, fixed-term income plans, pension drawdown plans, including funds suitable for drawdown, unit-linked guarantees, and combination plans and blended solutions.
Some product providers were absent from the website went it live on Tuesday but will be added to the directory once they confirm certain information that has been requested by Retirement IQ.
Burrows said: "Until I created the retirement income marketplace there was nowhere to compare and contrast the many different annuity and drawdown solutions. Now advisers have a free independent research tool and individual clients can do their own research before seeking financial advice."
Each of the five categories has a directory listing for each product provider showing an overview of the product details, links to the provider's website and factsheets, information on the investment options and independent reviews of selected products.
Burrows last week launched a retirement guide for advisers, sponsored by Prudential, which set out key points along the retirement ‘journey'.
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