No systemic failure in enhanced annuity sales - FCA review

‘Small number' of firms asked to review sales

clock • 3 min read

The Financial Conduct Authority (FCA) has found no evidence of 'an industry-wide or systemic failure' to provide customers with sufficient information about enhanced annuities through non-advised sales.

Indeed, its thematic review of non-advised annuity sales practices concluded many of the firms reviewed had provided "clear and comprehensive information to customers with written communication ten...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Virgin Media amendments to the Pension Schemes Bill announced

Virgin Media amendments to the Pension Schemes Bill announced

Industry welcomes changes but says they will ‘not be a silver bullet in all cases’

Jonathan Stapleton
clock 02 September 2025 • 1 min read
SPP: Consolidation, adequacy and inclusion - the emerging pillars of UK pensions reform

SPP: Consolidation, adequacy and inclusion - the emerging pillars of UK pensions reform

Steven Hull looks at the ‘unprecedented wave of reform’ facing the industry

Steven Hull
clock 01 September 2025 • 3 min read
FCA and TPR urge industry to take proactive steps now to deliver guided retirement

FCA and TPR urge industry to take proactive steps now to deliver guided retirement

Industry must also develop ‘much deeper understanding’ of member needs

Jonathan Stapleton
clock 26 August 2025 • 2 min read
Trustpilot