Annuities: New code of conduct launched by the ABI

Annuities: New code of conduct launched by ABIThe Association of British Insurers (ABI) has announced a new code of conduct which its members must adopt by March 2013. Retirement experts have been concerned for some time about the way in which Annuities are sold and particularly by the relatively low numbers of retirees who are shopping around for the best Annuity rate. A recent report by the National Association of Pension Funds (NAPF) described the current system as “unfair and opaque”. The NAPF report stated that ...