The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities, it has confirmed.
The scheme will cover 100% of the value of annuities in the event an insurer fails from 3 July. Currently only mandatory insurance products, such as car insurance, are fully protected, with all other...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected