Standard/Resolution may lose out in FSA annuity probe - analysts

The FSA's two-phase thematic review, which began last month, will focus on whether consumers face detriment if they do not shop around for an annuity, and instead accept an offer from their existing pension provider. Nick Poyntz-Wright, head of life insurance at the regulator, said: "The FCA [Financial Conduct Authority] has set out its vision to make sure markets work well so consumers get a fair deal. "An annuity purchase is an important one-off decision that has long-term consequences for individuals if they get it wrong." Analysts said Resolution and Standard Life are among the...