ABI supports TPAS online annuity planner

The Pensions Advisory Service has launched a new web-based Annuity Planner to help people with the process of buying an annuity, including explaining the options they have and choices they need to make. The ABI was involved in developing the new tool and fully supports it.

Commenting, Maggie Craig, Director of Life and Savings at the Association of British Insurers, said: "This is a really useful tool for people who want to know more about annuities, whether they are approaching retirement and are considering their immediate options, or are planning for the future. The ABI is delighted to support the Online Annuity Planner. Our members will promote the tool as part of broader industry efforts to highlight the Open Market Option and significantly improve information sent to customers approaching retirement."