Help with picking the right flexible annuity

annuities

There are currently three flexible annuities on the market with varying strengths and weaknesses and it is important that advisers are aware of these before making recommendations to clients

Flexible annuities, the name given to this innovative third generation of products, are designed to offer an annuity based platform for multi-manager investment and inheritance planning. With only three products launched to date and each very different from the other, this is hardly a homogenous market. Like-for-like comparisons are difficult and probably inappropriate. Here we examine the broader principles that advisers should bear in mind when making recommendations. Any pension product that bears the label 'innovative" is likely to be complicated and expensive and therefore it is i...