The Financial Conduct Authority (FCA) has said it is "open and neutral" on whether getting regulated advice when buying an annuity is necessary.
In an interview with the Financial Times, FCA head of insurance Nick Poyntz-Wright said it wanted to "facilitate consumer choice" and the organisation did not have a particular view on whether getting advice was preferable. The comments come in light of the surge in annuity comparison websites, and news that Tesco is set to enter to market. He told the FT: "One of the things we would like to see above all is more positive engagement, to see the level of inertia reduced, if possible. "I think some of the activity that is going around attracting people, whether it is a certain websit...
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