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...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress