Annuities: Time for Regulatory Change
The Financial Services Consumer Panel today publishes the findings of its research into the consumer experience of purchasing an annuity, which shows that the market does not work well for the majority of consumers. The Panel recommends urgent regulatory and government-led structural reform in order to prevent millions of pensioners from losing out.
The Panelâ€™s extensive 12-month study, which included a literature review and three separate pieces of independent research, uncovered evidence of a complex market which is failing to deliver good outcomes for many consumers.
What we're doing for consumers
Here are some of the current issues that the Panel is pursuing and what weâ€™re doing about them.Current issues
2012/13 Annual Report
Read the Consumer Panel's latest Consumer Bulletin
Download Bulletin [PDF]