Consumers' knowledge of annuity options is good but there is "plenty of room for improvement" following the launch of the Association of British Insurers' (ABI) annuity code, the organisation says.
The code, mandatory for all ABI members, came into force in March. It compels providers to start communications about annuities earlier, prompt savers to gather quotes from other providers and highlight...
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have outlined plans to better understand the consumer pensions journey as they launch their joint strategy.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.