Mark Ormston of leading annuity specialist Retirement Line outlines his company's response to the DWP's latest consultation on Pensions Dashboards. Key points include the need for impeccable data quality and security standards, along with sufficient time to achieve a successful implementation.
Retirement Line is the top performing intermediary in the pension annuity sector, converting more pension funds into annuity income for our clients in 2018 than any of our competitors.
Specialist annuity broker Retirement Line has put its support behind the UK’s Pensions Dashboards initiative. The company is contributing to the consultation being led by the Department for Work and Pensions.
Research suggests that up to 75% of over 55s assume that declaring medical and lifestyle conditions will reduce their retirement income. This demonstrates a fundamental misunderstanding of how enhanced annuities work.
Leading annuity intermediary Retirement Line ‘asked more questions’ to secure a higher retirement income for a client, according to Which? Money magazine.
Retirement Line will feature alongside a handful of other leading financial services sector companies in the 2018/19 Parliamentary Review. Following an invitation to participate, Chief Executive Officer David Slater has contributed an article exploring the state of UK retirement income provision.
The FCA has announced proposals with the aim of ensuring that consumers are better aware of the potential for an enhanced annuity.
David Prosser of MoneyWeek has issued a strong warning to consumers about the decision they need to make at decumulation. He states that most pension savers ‘would very often be better off with the safety net of an annuity’.
Retirement Line is delighted to announce that Wesleyan is now referring its customers to Retirement Line if they are looking to buy an annuity.
As an introducer, ensuring that your clients receive an excellent service from any third parties you engage with is no doubt very important to you.
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.