Three things we learned this week

FCA: Annuity market self-regulation ‘could fail' The Financial Conduct Authority (FCA) will push ahead with its annuity market probe, and investigate if providers' profit margins are ‘high', despite industry murmurings self-regulation goes far enough. In a paper on transparency, the FCA praised the Association of British Insurers (ABI) for taking a "proactive lead" on annuity transparency - referring to its Code of Conduct and annuity rate tables - but said there are "potential weaknesses of industry self-regulated codes". The FCA also said some industry responses to its earlier tra...