The results of the FCA's thematic review of the annuity market highlight the need for urgent reform of the at-retirement market. However, Helen Morrissey asks if the review goes far enough?
The industry has awaited the Financial Conduct Authority's (FCA) thematic review into the annuity market with high hopes. However, the results are in and while they do expose the need for wide-ranging reform of the at-retirement market, many industry commentators have expressed disappointment at the lack of direct action currently being taken. Speaking ahead of the report's publication, LEBC Group's divisional director of longevity Nick Flynn spoke of the need to "shake up and modernise the industry". He says: "Too much is currently left to consumer understanding and not enough is ...
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