A recent report by the Financial Conduct Authority estimates that 80% of consumers who bought an annuity from their existing pension provider could have got a better deal on the open market and are missing out on £millions in income each year.

The review (published on 14 February 2014) was the result of a detailed analysis of the annuity market, and precedes a full market study on Retirement Income by the FCA over the coming months. Call us now if you need advice on your pension or annuity 0845 094 2970