Annuity buyers wary of turbulent economy

A discussion at Prudential's annuities round table also revealed many in the industry support the FSA taking action against insurers who fail to take on the Association of British Insurer's (ABI) 'Options' initiative. The panel of annuity providers and advisers suggested new thinking was needed when it came to retirement income planning so consumers can become more involved in actively managing their pension and retirement options. Many retirement savers do not make a direct link between their pension and stock market risks, the panel says, and, as a result, do not shift their investmen...