Annuities

The results of the FCA's thematic review of the annuity market highlight the need for urgent reform of the at-retirement market. However, Helen Morrissey asks if the review goes far enough?

Some 353,000 annuities worth just under a total of £12bn were sold by Association of British Insurers (ABI) members in 2013, latest figures show.

Retirees could be given the chance to switch annuity providers during a one year ‘cooling off period' after agreeing a contract, the pensions minister says.

Poor practice has been discovered on all annuity price comparison websites by the Financial Conduct Authority (FCA).

Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.

The conduct of pension providers' annuity sales teams will form a large part of the Financial Conduct Authority's (FCA's) continuing investigation into the retirement income market.

The FCAs' thematic review of the annuity market has been criticised as not going far enough fast enough.

What does the industry want from the FCA annuity paper?

Aegon product director Colin Bell dissects Steve Webb's switchable annuities plan

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