New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
From 1 March, Financial Conduct Authority (FCA) rules mean quote comparison templates showing like-for-like rates must be used when producing annuity illustrations. The measure is being introduced to...
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'