‘In the Spotlight’: Frank Field on non-advised Annuity brokers

UntitledThe Annuity market has hit the headlines in recent weeks, with many people questioning the fairness of the current system. However, it was still a surprise when it was revealed last week, that Frank Field, Labour MP for Birkenhead and former Minister for Welfare Reform under Tony Blair, has written to the Office for Fair Trading (OFT), requesting a full investigation into the non-advised Annuity brokerage market. In his letter to the OFT, Mr Field said: “I am writing to you about the UK pension Annuity brokerage system, which ...