Are you worried you may have been mis-sold an annuity? The letter that can help you beat the insurance bandits - By Jeff Prestridge for The Mail on Sunday Published: 22:31, 12 October 2019
This is a brilliant article in the Mail On Sunday - Hundreds of pensioners have backed The Mail on Sunday’s campaign calling for insurance companies to compensate all customers who were railroaded into taking out inappropriate pension annuities, going back to the early 2000s. Launched last week in the wake of a £23.9million fine imposed on Prudential for mis-selling annuities from 2008, our Justice for Annuity Victims campaign has drawn overwhelming support – not only from readers bamboozled into poor-value annuities they cannot escape, but also from pension experts.
I am quoted as saying
Billy Burrows is a pension specialist who has done much over the years to highlight the benefits of shopping around for an annuity. On Friday, he said: ‘I welcome The Mail on Sunday’s timely campaign. As Jane Austen wrote in Sense And Sensibility, “an annuity is a very serious business”, but sadly too many pensioners have been seriously left out of pocket by the greed of insurers. It is only right that all people who were mis-sold to in the past should now be compensated and their annuities changed. Justice must prevail.’