http://ift.tt/1x1KKkC
Above is some sample payout rates by UK annuities providers. If you click on the company names, in the first paragraph it states that some company offer annuities only to internal customers (internal vesting) and some offer to both internal and external customers (open market option).
What I am confused about is, why do some company only offer annuities to internal customers and not put their products on the open market? what risks/considerations are involved in the decision of whether to offer annuities in the open market?
Thanks in advance.
Above is some sample payout rates by UK annuities providers. If you click on the company names, in the first paragraph it states that some company offer annuities only to internal customers (internal vesting) and some offer to both internal and external customers (open market option).
What I am confused about is, why do some company only offer annuities to internal customers and not put their products on the open market? what risks/considerations are involved in the decision of whether to offer annuities in the open market?
Thanks in advance.
Annuities in the UK retirement income market
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