sell annuity payment
Sat, 28 Mar 2015 09:14:46 GMT
Is this the worst pension mis-selling case ever? Aviva knew this customer was ill
Had she been sold an annuity which paid an enhanced rate in recognition of her likely earlier death, she would have been thousands of pounds better off. Her case could carve the path for scores of other mis-selling victims to claim redress. After reading ...
Thu, 26 Mar 2015 14:16:19 GMT
Barriers to annuity-for-cash plans
The paper argues there is a strong case for requiring annuity holders to take financial advice from an independent financial adviser prior to making the decision to sell, with a requirement for annuity providers to check this before they enable the annuity to be assigned. This mirrors the requirements now in ... It also notes regulated advice “can be expensive, as individuals could have to pay several hundred pounds or more, which might be a significant proportion of the value of their annuity”. However, the government ...
Thu, 26 Mar 2015 13:53:32 GMT
Standard Life warns on annuities mis-selling risk
'The problem is fundamentally the people who would most like to sell their annuity could be in the poorest of health and may be thinking they would rather have all their cash now rather than income payments they won't be around for.' Meanwhile, Standard ...