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Fees for setting up an annuity? And dealing with annuity providers directly
Comments
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What kind of broker does annuities?TheGreenFrog said:In my recent experience the quotes I got varied, with no logic I could discern. The important figure is the post fee annuity amount. The best quote I got was through a broker. Other brokers came up with a lower amount from the same insurer. The insurer itself gave me a direct quote which was beaten by the best broker quote. I got an IFA to quote and he could not beat the best broker quote (even though his fee was slightly lower than that of the best broker). I ended up using the IFA as I wanted some advice.
Google kind of just lists providers (Aviva, L&G, etc), & articles like this suggest you need to speak with an advisor 🤷♂️
Plan for tomorrow, enjoy today!0 -
Hargreaves Lansdown does them. So do companies like Retirement Line. Not recommendations and I am sure an IFA may be better if you can find one.cfw1994 said:
What kind of broker does annuities?TheGreenFrog said:In my recent experience the quotes I got varied, with no logic I could discern. The important figure is the post fee annuity amount. The best quote I got was through a broker. Other brokers came up with a lower amount from the same insurer. The insurer itself gave me a direct quote which was beaten by the best broker quote. I got an IFA to quote and he could not beat the best broker quote (even though his fee was slightly lower than that of the best broker). I ended up using the IFA as I wanted some advice.
Google kind of just lists providers (Aviva, L&G, etc), & articles like this suggest you need to speak with an advisor 🤷♂️0
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