I continue my exploration of annuity products bought with retirement savings that are designed to provide an income (pension). This week, I focus on advice, because in this, probably one of the most important financial decisions you make in your life, you need advice out of the top drawer.
Financial advice, as defined in our law, refers to advice you receive from a registered financial services provider, or representative thereof, that has the sale of a financial product as its objective. To quote the Financial Advisory and Intermediary Services (Fais) Act, it is “any recommendation, guidance or proposal of a
