The Pensions Advisory Service (TPAS) is looking to set up a tool on its website to help firms pick an adviser for employees approaching retirement.
Head of policy and technical development Alison Bailey told MPs TPAS was working with the Pensions Income Choice Association (PICA) to explore the possibility of hosting a tool that would help employers pick an adviser to guide retirees through buying an annuity.
Speaking at a select committee hearing last month, Bailey said TPAS, a government backed pension advice service staffed mainly by volunteers, was also hoping to host a charges comparison tool that could be used by small employers to compare annuity charges across different products.
Her comments followed the Financial Services Authority's (FSA's) launch of a thematic review of the £11bn annuity industry last week and the Association of British Insurer's (ABI's) compulsory code of conduct for providers.
It shocks you
2,000 people surveyed
Six FTSE 100 female CEOs earning 32% less than men
It is the 'Second City'