Pensions service looks to host IFA annuity tool

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 Service...