Advisers see sweeping demand for annuity buybacks as people misinterpret reforms

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Advisers are warning the message on pension reforms has been misunderstood after experiencing a surge in interest from people looking to cash in their annuities.

Portal Financial took an average of 300 calls during Mondays in March, but this figure soared to 480 the day after the pension reforms took effect - a rise of 60%. The advisory firm observed sig...

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