Call for reform of annuities market

Press Association
Updated
BHYT6R Elderly man with his wife going through documents on couch. Image shot 2009. Exact date unknown. Mistakes Retirees Make b
BHYT6R Elderly man with his wife going through documents on couch. Image shot 2009. Exact date unknown. Mistakes Retirees Make b

%VIRTUAL-SkimlinksPromo%Hundreds of thousands of pensioners face being ripped off when investing in the UK's £12 billion annuities market unless regulation is tightened urgently, an official advisory panel has warned.

Retirees choosing where to invest their pension pots may face poor deals if sticking with insurance companies with whom they have saved their funds but face a bewildering variety of options if shopping around on the web, according to a report.

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