Are savers really failing to shop around in drawdown?

Poor rates of shopping around have long plagued the annuity market. In fact, the failure by the industry and policymakers to remedy this problem was part of the reason chancellor of the Exchequer George Osborne tore up the retirement landscape through the introduction of the pension freedoms last year. But what of income drawdown? Citizen's Advice published research earlier this month which, on the face of it, paints a disturbing picture of consumer inertia. According to the charity, just three in 10 people who have accessed the freedoms considered switching provider, with almost a quart...