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Broker Talkback

Do you think it is right for providers to introduce postcode pricing for their annuities?

Yes 25%
No 75%

No “I do not think it is particularly ethical but there must be something in it if providers are going down that route.”

John Grindle, Broadstones South West

No “I don’t think where you live should have a bearing on things. It should not be held against people.”

Christopher Holden, Complete Financial Services

No “As with all preferential annuities, some people are cross-subsidising other people. If we skew it in the other way, then the whole annuity market would break down. It would leave some people worse off.”

Colin Galbraith, Colin Galbraith Independent Financial Services

No “People move around so they won’t have necessarily suffered or benefited from the lifestyle habits of living in a certain area.”

John Stirling, Stirling Independent

Yes “I can understand doing it for areas where there are higher life expectancy levels but I would like to see a market rate for others.”

Steve Lunn, Home Counties Financial Services

Yes “I can understand it and I believe there will be more of it. The bottom line is if people do not like it they have other options.”

Bruce Chadney, Chadney Bulgin

No “We should share the cost evenly rather than forcing it on to those who can least afford it.”

Catherine Moreland, Autonetic Life & Pensions

No “Purely and simply because postcode pricing is going to be based around the longevity of individuals and I don’t know how accurate that it.”

David Ferry, Ferry Financial

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