Many 'not informed' about annuities

Press Association
Updated
Eyeglasses and Line Graph Annuity stocks stock market research concept; blurred; selective focus; nobody; radius images; busines
Eyeglasses and Line Graph Annuity stocks stock market research concept; blurred; selective focus; nobody; radius images; busines

Almost half of people approaching retirement who buy an annuity are not making a fully informed decision based on "real" shopping around, the regulator estimates.

Awareness that it is possible to shop around for a better deal is "high", with nine out of 10 consumers saying they know they could go to a different pension provider, the Financial Conduct Authority (FCA) found.
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