Nearly three quarters of those looking for an annuity lack the confidence to arrange one without the help of an adviser, research shows, as a major review of the sector moves into its next phase.
The Government has a role to play in fixing the failing annuities market, the Financial Services Consumer Panel says, following a damning FCA report published today.
The National Association of Pension Funds has criticised the Government's decision to maintain the protected person status for individuals employed in some formerly nationalised industries.
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