FCA: Annuity market self-regulation 'could fail'

Jenna Towler
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The Financial Conduct Authority (FCA) will push ahead with its annuity market probe, and investigate if providers' profit margins are ‘high', despite industry murmurings self-regulation goes far enough.

In a paper on transparency, the FCA praised the Association of British Insurers (ABI) for taking a "proactive lead" on annuity transparency - referring to its Code of Conduct and annuity rate table...

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