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Sales of impaired-life annuities aid charity

IFA Carrington Investment Consultants is teaming up with the Prostate Cancer Charity to raise awareness of impaired-life annuity products.

This month, the City-based IFA will pay around 20 per cent of commission or fees generated on these products to the charity, which supports pros-tate cancer sufferers, funds research into causes and treatments and raises awareness of the disease.

Carrington says as prostate cancer is most prevalent among men nearing retirement and impaired life annuity products form a large proportion of its business, it makes sense to work with the charity to reach an important target market.

The IFA will promote the partnership with the charity to its client bank and professional introducers. The charity will advertise Carrington&#39s services on its website at www.prostate-cancer.org.uk.

Carrington, which has three RIs, also advises on investments and pensions. It says it will give a share of income made from the cross-selling of other products on the back of impaired life annuities to the Prostate Cancer Charity.

Director Nicky Owen says: “A large section of our business is impaired life annuities but we thought not an awful lot of people were aware of the existence of the products. By forming this association, we can promote the products and give something back to the charity.”

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