Every little helps: Tesco to enter annuity comparison arena

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Tesco is awaiting regulatory approval to launch an online annuity comparison service, though it does not plan to launch own-brand annuity products.

The supermarket giant plans to expand its Compare service - which currently allows consumers to search for car and home insurance quotes - to include UK annuity providers, according to a report in the Financial Times. "Subject to regulatory approval, Tesco Compare plans to expand its award-winning price comparison site to include an annuity comparison service," a Tesco spokesman told the paper. "Our application is currently with the regulator and we will update our customers in due course". Tesco Compare is part of Tesco Personal Finance, the umbrella group for all of the supermark...

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