The pensions industry will make changes to tackle the failures in the annuities market following a damning FCA report - including helping customers shop around.
Aviva has remodelled its income drawdown solution and says this will help customers by giving them greater choice and more flexibility in how they take their retirement income.
Four major changes will be made to the financial reporting form advisers use to submit annual returns to the FCA, if new proposals launched today are adopted.
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