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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter