Third way myths dispelled by new Defaqto Third Way Guide

Defaqto has published its second free guide to help advisers understand third way products and how they can be used in financial planning.

The following areas are covered in the guide: A description of the current products; Market changes over the past year and how the products have developed; Consumer sentiment research; IFA sentiment research; IFA recommendation trends; What the guarantees do; Questions and answers affecting the recommendation; and Product factsheets.

David Abbis, Insight Analyst Wealth Management at Defaqto said: "There has been quite a change in the products over the past year and a number of providers who were expected to launch products have not done so.

"This has caused concern about the products, which is unfounded as long as they are understood.

This guide explains what the products do and why they are important so I hope the myths that have grown since the last guide was written will be dispelled.

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