The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.
The ABI said the mandatory code, launched at an event in London this morning, had been put in place to better help the 400,000 consumers who reach retirement age this year get the best deal on their retirement...
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We must take urgent action to drive up member understanding of their pensions, or risk a generation of ill remunerated retirees, says Karen Bolan.