The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.
The government has asked the Financial Conduct Authority (FCA) to create rules around the introduction of mandatory "relevant financial advice" for annuity holders before they can sell the policies, it...
Only one in ten opt for an annuity
‘Dramatic’ drop due to pandemic’s economic impact
Coming soon to a provider near you
Consumer complaints against firms for misadvised DB transfers also rising
'Act or be compelled to act'
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams