Thursday 11 December 2014

UK watchdog tightens sales rules for annuity pensions

The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London By Huw Jones and Simon Jessop LONDON (Reuters) - Insurance firms will have to show how their annuities compare with rivals' to ensure customers get the best deal, Britain's financial watchdog said on Thursday, following an investigation that cleared the industry of widespread mis-selling. The Financial Conduct Authority (FCA) was publishing findings from its study into the retirement income market after announcing in February that insurers failed to give customers the best deal on annuities, which provide an income for life. ...




via Health News Headlines - Yahoo News Read More Here..

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