I spent a fascinating day in London yesterday talking about the impact which the EU solvency 2 proposals will have on annuities. The general view seems to be that it will happen and that it will mean a fall in annuity rates. There is not agreement on the amount of the fall with estimates varying between 20% and 30%.
I need to spend time reflecting on how this will affect how we advise people at retirement. There are lots of things to think about and research so watch this space!
Annuity Direct Website
