ABI defends annuity window and makes improvements

ABI head of savings, retirement and social care Yvonne Braun said in a blog post that the annuity website has had 27,500 visits in the last week. Responding to criticism that the window does not include live rates or rates from all providers but is restricted to those from ABI members, Braun said: "It could never be a ‘silver bullet' that makes all consumers take optimal decisions at retirement." She added that the window is "about promoting understanding of different types of products and providers, and motivating people to shop around for the best deal". Braun also stressed the A...