Fidelity Worldwide Investment has launched a shopping around tool with Annuity Direct to help people use the open market option.
The annuity comparison service called RetireWise will enable defined contribution (DC) members to get the best deal instead of automatically staying with their current provider. Julian Webb, head of DC & workplace savings business said: "We believe that increasing awareness of retirement choices is paramount, particularly as auto-enrolment draws closer and the drive to educate people about saving for retirement becomes more prominent." Members can either shop around alone or contact Annuity Direct for help. Full independent financial advice is available from Annuity Direct. Retire...
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
