Calls for annuity trade body

current fsa system for finding specialist annuity advisers is failing consumers, report claims

Specialist annuity intermediaries should create a trade body similar to that in the equity release market to ensure a fair deal for consumers, the Pensions Institute has claimed. In a report analysing how accessible annuities are to consumers, the Institute, along with Cass Business School, said current systems for finding specialist annuity intermediaries are failing consumers. Report author David Harrison said: "The FSA annuity leaflets and website currently provide links to IFA trade bodies, which in turn will help an individual identify local adviser firms. The firms identified may no...