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Broker Talkback

Do you agree with Hargreaves Lansdown that the open market option should be the default for people buying an annuity?

Yes 88%
No 12%

Dhiren Malde, Platinum Financial Services

Yes

“It is a step forward but it might exclude people who are more suited to drawdown.”

Martin Pankhurst, Pearce Pankhurst Financial Services

Yes

“It is the best advice for clients because it enables them to shop around and get the best deal.”

Robin Cade, Moneycare Financial Planning

Yes

“It gives the client the opportunity to get individual advice to get the best deal for themselves.”

Stewart Jones , Oakwood Financial Services

No

“I have been doing some open market options recently but it has turned out to be the internal option that is better value so I don’t think you can take a blanket approach.”

Ian Burns, Perfect Pensions

Yes

“I think it is certainly the correct way of doing things. Open market has to be the first option.”

Martin Smith, NHFA Limited

Yes

“It would be in the best interests of the client for this to happen so I would be in favour of it.”

Stuart Harris, DNS Insurance Services

Yes

“Because I think it will force people to search out the best deal for themselves.”

Rob Simpson, Simpson Financial Services

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