Several pension and reinsurance companies are interested in launching a pension annuity underwriting bureau, which would let consumers obtain up to date medical details before purchasing or shopping around for the best annuity rate.
The overall aim of the bureau would be to allow people to give medical information about themselves when shopping around for the best annuity deal. The bureau could prove to be beneficial, as it would help people to shop around and not go with the first provider they find.
The bureau is a viable option due to the infrastructure already being in place, however, finances are a significant factor and crucially the next step is to ensure all providers support the idea.
My Pension Expert is a company of Diploma qualified
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