Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

FSA to investigate annuity pricing

FSA to investigate annuity pricing

The Financial Services Authority (FSA) is to investigate annuity pricing with a potentially precedent-setting probe into the £11 billion market, according to the Financial Times.

The FT reported that later today the regulator will reveal details of how it plans to examine annuity pricing data to determine how much pensioners are losing out by if they do not shop around.

The investigation could become a test case for the competition powers of the Financial Conduct Authority (FCA) which takes over from the FSA in April, the paper said.

Providers who appear at the bottom of best buy tables, yet have high levels of business, will come under the regulator’s scrutiny, the FT reported.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter