Annuity sales: When will retirees get a better deal?

Some pension providers are failing their end customers when selling annuities, the Financial Conduct Authority (FCA) concluded in its latest retirement income market study. The watchdog said consumers were missing out on potentially higher incomes in retirement because they failed to shop around before buying an annuity. The FCA added it was particularly concerned about providers who failed to tell customers about better value policies on offer elsewhere. According to the regulator, firms were failing to tell people in ill-health that they could get a better deal if they bought an ...