Partnership has recently launched an online service aimed at helping people retiring with pension pots of less than £30,000 find the best annuity. Andrew Megson talks to Helen Morrissey about how the service is developing
Why did you decide to develop the service? When Partnership was acquired by Cinven in 2008 we took the opportunity to conduct a planning review of the entire retirement market. There was a major study by Watson Wyatt (now Towers Watson) that showed there would be exponential growth within the retirement market which is expected to triple between 2005 and 2018. The next issue we came up against was how to help customers engage with their open market option (OMO) as we could see there is a great swathe of customers who are not taking advantage of advice at this point in time. We could a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
