FCA to personalise guidance fact-finds for annuity resales

The regulator said it wants pension guidance providers to ask for people's financial and personal circumstances before helping them come to a decision on whether or not they want to sell their guarantee retirement income. The proposals came in the wake of the government's decision to allow consumers to sell their annuities from April 2017, as long as their annuity provider agrees. The FCA is responsible for setting and monitoring Pension Wise delivery standards, having set initial rules in March 2015. In a consultation published on 6 September it proposed future guidance sessions s...