Hi has anyone here had experience of arranging their own annuity provider, and wasa it worth the hassle? bothered about the level of commision some FA's charge, tho accept they have to make a living. thanx for any advice Don
Annuities-info?
Sep 12, 2004
4 Replies
What makes you think you'd get a better deal going direct? The annuity provider keeps the commission!
Rob Graham
Can you not use an "execution only" agent for annuities, like you can for unit trusts, ISA's etc, with them refunding most of the commission?
You could. That assumes you know what type of annuity you want and which provider to use. i.e. no advice. Anyway he wouldn't get much commission on an annuity. About 1/3rd that for a unit trust.
Rob
IIRC, commission was about 1% - but the fund values can be high.
And is taking an annuity a good option at the moment?
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