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The Government has a role to play in fixing the failing annuities market, the Financial Services Consumer Panel says, following a damning FCA report published today.
The FCA's review of annuities fails to go far enough and will be too slow to help thousands of retirees, a pensions director says.
The FCA is to launch a competition market study after concluding that the annuities market is failing consumers.
Sipps provider James Hay is expanding its Modular iSipp scheme and says its goal is to create a comprehensive platform for retirement wealth planning.
Calls for a return of the "permitted investment list" for self-invested pensions (SIPPs, SSASs and QROPSs) continue.
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