Phillip makes some good points.
I think that as the very competitive market for annuity broking/advice develops and as the unintended consequences become more apparent, the debate will move on. Instead of seeing it as non-advice against advice, I envisage the focus being on what service clients really need and what service broking firms/advisers can deliver.
To be more specific, there are a number of key questions that clients need to consider, including: When is the right time to invest in an annuity? What type of policy – guaranteed/investment linked/fixed term? Which options and which providers?
I have seen many non-advised firms and advisory firms not asking these questions and only some asking them.
So the battle is not between non-advice and advice but between those who provide the right service and those who do not. I am sure this debate will continue.