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Implementing information prompts in the annuity market

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Open-access content Monday 6th March 2017

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The Financial Conduct Authority (FCA) is consulting on proposed amendments to rules on the purchase of products that provide consumers with guaranteed income in retirement (pension annuities).

The changes would require firms to inform consumers how much they could gain from shopping around and switching provider before a potential annuity purchase.

The consultation can be viewed at: bit.ly/2gh4Ohh

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