The ABI has announced plans to explore how the mass market can benefit from the simplification ...
The ABI has announced plans to explore how the mass market can benefit from the simplification of the annuities advice process. The comments came today in response to the Government's 'Modernising Annuities' consultation paper. The ABI urged the FSA to consider streamlining the regulation of retirement advice and has set up a working group to explore whether a standard annuity model, suitable for the mass market, could be developed, together with a decision tree and simple information. The ABI hopes this generic advice could help consumers identify an appropriate annuity for them and...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
