It's predicted the retirement market will be worth £32.2 billion by 2018 and that the number of retirees will increase to 800,000 by 2012. With the growth mainly coming from funds under £50,000, with 60% from funds under £30,000, this creates a question, how can advisers write small fund annunites in a cost effective way that maximises profit?
The online enhanced annuity solution
Big Business is a fast and intuitive online solution
for Financial Advisers to transact an enhanced annuity end to end in the shortest time possible.
How does Big Business work?
Your client doesn’t need to answer a lengthy medical questionnaire; they just need to provide simple answers to basic health and lifestyle questions. This means your client can still benefit from the increased income of an enhanced annuity, without an intrusive and time consuming process. View our demo below:
How this helps your business
•Positive impact on profitability
Our solution provides a fully underwritten annuity rate, whilst reducing the processing times and administration costs for annuity business.
•You can write more small funds business in a relatively more profitable manner.
•Better satisfy your TCF requirements
Clients who do not currently have access to advice can now get a better annuity rate while, for those who do currently seek advice, this solution provides a simple and speedy route to securing a higher retirement income.
•Offer clients a choice This solution is also suitable for clients with small fund sizes who require full advice/underwriting.