Sample annuity rate table launched to ease shopping around

For the first time the Association of British Insurers (ABI) will publish sample annuity rates on its website from across the whole market to help highlight to consumers the importance of shopping around for the best product. The move follows the introduction of the ABI's Retirement Choices Code in March which mandated all its members to publish their annuity rates. Writing in the Daily Mail, Otto Thoresen, ABI's director general, said: "Buying an annuity is one of the most important financial decisions many of us ever have to make, and no-one is pretending it is risk-free or easy. ...