Treasury select committee chairman Andrew Tyrie has criticised the regulator's review of the annuities market, saying it was headline grabbing and had "taken us very little further forward" in terms of giving insight into the problems of the market.
Grilling the Financial Conduct Authority's (FCA) head of savings, investments and distribution David Geale and director of policy, risk and research Chris Woolard at a hearing on Tuesday, Tyrie (pictured) voiced his frustration over the timing and presentation of the regulator's review. He said: "Anyone who has looked at the annuities market concluded there are elements of dysfunctionality about it. The concern is that your presentation of that dysfunctionality does seem to have taken us very little further forward, we don't seem to know much more than before you wrote it. And we are now...
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