Bob Bullivant, CEO of Annuity Direct, warns advisers to proceed with caution when placing annuities.
Placing an annuity is easy: just look at a set of rate tables and those nice people at the FSA compile them for you. How many times have I heard that? In my opinion, this is an extremely complex area of financial planning that is no place for those who dabble with the odd case. Well, as CEO of Annuity Direct, I would say that, wouldn’t I? So, read on and I shall tell you why you need to proceed with massive caution, if you are not to be bitten by the regulator – or a litigator. Firstly, before you get anywhere near placing the annuity, you need to examine the ceding scheme with caution. ...
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