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Post Info TOPIC: Transfer of Prudential annuities to Rothesay - do you think it is a good idea


Billy

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Transfer of Prudential annuities to Rothesay - do you think it is a good idea
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This is a question I have recently been asked and it is not as black and white as you might think



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Billy

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Posts: 98
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This is an interesting one.

On the one hand the only thing that will change for annuitants is the name of the payer on their bank statement

On the other hand annuitants have to live with the thought and possible worry that the company paying their annuity is not the mighty Pru

On the basis there is no financial detriment – don’t forget there is 100% protection for annuities under the FSCS – the issue is largely emotional

I underestimated the power of the emotional attachment to Prudential when I spoke about this on BBC money box but have now realised how important that is.

I shouldn’t be surprised as I have always said that peace of mind and security is very important. In fact, when I was at the Prudential we used peace of mind and security as a marketing catch phrase.



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