Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.
The PRA published a consultation paper on 6 October suggesting income and protection life assurance products should be fully protected by the FSCS if the provider firm fails. Currently only mandatory...
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record