Annuities: Regulator warns “market not working for consumers”

Retirement planA review by the Financial Conduct Authority (FCA) has found that the Annuity market is not working for consumers. The regulator will now launch a further review, which will recommend changes to the market. An Annuity is the most popular way of turning a pension pot into an income at retirement. Whilst it provides a guaranteed income and is often seen as a relatively simple option, there has been increasing criticism of Annuity providers and brokers over the past few ...