Half of advisers have poor knowledge of annuities

The Annuity Clearing House (ACH) says the research reveals a serious knowledge gap in this increasingly complex sector, which could lead to poor recommendations on retirement income. A survey of 275 IFAs found 50% believe they do not have a thorough knowledge of the retirement income sector. Just one in three say they have a good grasp on the rapidly growing impaired annuities market, while just one in eight feel they know enough about invested annuities. ACH also surveyed 30 leading retirement income specialists and found just 60% claim to have a thorough knowledge of annuities. ...