Firms providing comparison websites for annuities should include details of the types of guarantees available and identify providers if they operate a restricted panel, after the Financial Conduct Authority (FCA) updated its guidance for firms.
It follows feedback from the industry after a regulatory review of 13 annuity comparison sites earlier this year uncovered concerns about providers' disclosure of information and risk warnings. Respondents...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected