FCA clarifies adviser role in annuity prompts
To encourage consumers to shop around
The Financial Conduct Authority (FCA) has confirmed it will require advisers to provide clients with an information prompt before they commit to purchasing a guaranteed annuity.
In a policy statement on 26 May, the regulator said both providers and advisers would need to flag the best quote available on the open market to their clients before the client makes the decision to proceed...
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