Britain's insurers face losing adult to £500 million a year after regulators
launched an review into failings in a fast-growing annuities market.
The Financial Services Authority is to inspect how to remodel a market, worth
£11 billion a year, to make it work improved for customers.
About half a million people buy annuities any year as they retire. Many are
disadvantaged since they do not emporium around and only accept a offer from
their existent provider, and many are not asked about medical conditions or
smoking habits, that could validate them for aloft pensions. According to
one guess by the
Read full article: http://www.huffingtonpost.co.uk/2013/01/27/christian-gay-marriage-protest-sid-cordle_n_2560655.html
Source:
http://www.ezonearticle.com/2013/01/31/annuities-market-in-spotlight-as-fsa-looks-to-give-pensioners-a-better-deal/
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