The Financial Conduct Authority (FCA) has said it will establish a comparison tool, as one of several measures aimed at ensuring the annuities market is fair to consumers.
What made financial headlines over the weekend?
Annuity sales dropped since pension freedom
Rest of back book still up for sale
FCA released stats for last nine months of 2015
Could have to take further exams
Govt gives five million people ability to sell retirement income
The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.
In his last column of the year, Graham Bentley rails against what he sees as the corruption of sound academic theories by the industry in a bid to shift more products...