This week’s ruling by the European Court of Justice to make providers charge men and women the same for annuities and life assurance will make it even more important that brokers ensure that clients are getting the best advice on their pensions and potential annuities according to pension specialist IFA, Vision Introducer.
Vision Introducer which recently completed the purchase of MD Financial Solutions, has created the largest specialist pension introducer service in the UK for clients of mortgage and protection advisers.
Mark Clinton, Director of Vision commented:
“This ruling is a wakeup call for all advisers regardless of whether they work in the pensions arena or not. Every adviser has clients and everyone has to face retirement and that is why mortgage and protection brokers have as much responsibility to try and make sure their clients are making the most of their pensions and future annuities as their specialist colleagues.”
“It is now even more imperative that every adviser looks carefully at his client bank to see which clients would benefit from a review of their current pension arrangements.
"The risk of ending up with a poor annuity at retirement has just got a lot more likely for those who don’t plan today because of this ruling. Mortgage and protection advisers can provide their clients with a more comfortable retirement as well as generate a new income stream by using a reliable referral service.”
