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In this week's Retirement Planner quick fire poll we ask: NAPF has proposed the government create a nationalised annuity brokerage system to ensure retirees use the OMO. Do you think government intervention would be a good thing?
IFAs have welcomed Scottish Widows’ plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.
The National Association of Pension Funds (NAPF) has proposed a nationalised brokerage system to help retirees get the best annuity rate and reform the current “toxic system”.
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Phil Clarke, technical services manager at Rowanmoor Pensions, says IFAs and the government must act now to beat pensioner poverty.
Mark Lisle, compliance manager at Rowanmoor Pensions, thinks it highly unlikely future generations will consider these among the pension glory days...
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