Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity, the Financial Conduct Authority (FCA) says.
The regulator plans to ask providers to build an "annuity comparator" tool, in the form of an information prompt before an annuity is purchased. The prompt will have to show the difference between the...
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Nearly a million savers could be paying more tax on their pension than required, simply because they have been given the wrong tax code, Royal London has claimed.
The Conservative Party is considering retaining the triple lock protection for the state pension, according to reports.
Good default options along the whole savings journey are more important than engagement, according to research by the People's Pension and State Street Global Advisors (SSGA).