90,000 annuity holders in line for compensation after FCA probe

Around 90,000 retirement annuity holders could be in line for compensation after the City watchdog found evidence of poor behaviour in the way the deals were sold.
The Financial Conduct Authority (FCA) has been probing non-advised sales of annuities - and raised concerns that the way these deals were sold could have caused some customers to buy a standard annuity when they could have been eligible for a product with a better rate.
Those receiving compensation may get around £120 to £240 per year and around 90,000 customers could be affected, the watchdog has estimated.
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