When clients read the Sundays: Three FOS case studies on annuities advice

Case #1: The consumer who read a Sunday paper and sought advice In 2006, Mr B read a feature on annuities in his Sunday paper. The article explained that, because of recent changes to legislation, it was now possible to buy an annuity when you were aged 55 - rather than 60. And that as annuity rates were likely to fall in the near future, this was an option worth considering. Mr B was 56 at the time. He ran his own plumbing business, but had recently been considering selling up. Prompted by the feature, he got in touch with his financial adviser to talk about his pension arrangement...