The review of the Pension and Retirement Income market raised the issues that clients are facing following the pension reforms.
Retirement Line conveniently offers IFAs access to a panel of leading providers through our innovative annuity portal, providing guaranteed annuity quotations in minutes.
This month we have been talking about two special offers available with Retirement Line (but hurry, they both end on 31 st December 2016!), rising annuity rates, and the government withdrawing plans for a secondary annuity market.
If you have clients approaching retirement, falling annuity rates are likely to be at the forefront of their minds as the Bank of England cut base rates to a record low.
Retirement Line has released first half year figures for 2016, revealing how UK retirees are responding to market changes in the wake of pension freedoms and the shock Brexit result.
It has been well documented that, since the EU referendum result, annuity rates have dropped across the market. Clients may be wondering what effect falling rates could have on their future income, and what – if anything – they can do to reduce the impact.
The last quarter of 2015 saw retirees flooding back to the ‘safe haven’ of annuities following the falls in stock markets underpinning many drawdown funds, demonstrating that certainty and minimal risk have remained key priorities for those ready to arrange their retirement income.
Retirement Line have just launched our introducer fee special offer, enabling you to earn up to 70%* of the commission we receive – all you have to do is refer!
Next month’s referendum on whether Britain is to remain in the European Union is causing much debate and in some cases, concern, for many of the UK’s prospective retirees.
When it comes to referring your annuity clients, choosing who to trust is an important decision.