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Purchasing multiple annuities with same provider
JJforever
Posts: 61 Forumite
Hi all
Just a quick question. Is it risky to purchase more than one annuity with the same insurance provider? Not sure of any protection / cover that may exist if the insurance company gets into difficulties?
Again, thank you in advance
1
Comments
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Is it risky to purchase more than one annuity with the same insurance provider?
No, Annuities without an investment element receive 100% FSCS protection with no upper limit.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.4
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