UK - Nearly £350m is being lost in retirement income each year because people are not searching for the best annuity, Close Wealth Management claims.
The portfolio manager says around 215,000 people a year buy an annuity from their pension provider without reviewing the market to see if they can obtain a better rate of interest. As a result, ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here