Advisers turn to asset-backed annuities as rates plunge

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Advisers are set to turn their backs on conventional annuities and recommend asset-backed alternatives as annuity rate crashes continue to plague retirees.

A study conducted by MGM Advantage suggests more than 90% of IFAs expect the market for asset-backed annuities to grow over the next five years. The research, which collected the views of more t...

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