No systemic failure in enhanced annuity sales - FCA review
‘Small number' of firms asked to review sales
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 tending...
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