UK - PSFM, the financial adviser sister company of consulting actuarial firm Punter Southall, has called on the government to take decisive action to improve the quality of advice given to individuals purchasing annuities as part of its response to the government consultation on annuities which closed on April 5, 2002.
Gordon Simpson, senior consultant at PSFM, said: “According to an FSA source, up to 50% of individuals investing in an annuity don’t even know they’ve got one. The Government must address this prob...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date