UK watchdog finds no major issues with sales of enhanced annuities

UK watchdog finds no major issues with sales of enhanced annuities
 

Britain's financial watchdog has found no widespread failures by insurers over the level of information given to customers in poorer health about the pensions they were buying, it said on Friday.
The Financial Conduct Authority (FCA) conducted a sector-wide study of sales of so-called enhanced annuities. These policies, a form of pension that pays out until death, typically offer people in poor health higher payouts than standard annuities because policyholders have shorter life expectancy.
"The FCA found ... no evidence of an industry-wide or systemic failure to provide customers with... read more

 
14 October 2016 in Business, Views: 41
Source: Reuters
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