The need to shop around - UK watchdog to probe annuities pricing

The FSA is to investigate whether hundreds of thousands of people are annually getting an uncompetitive deal from the 11bn annuity market in a step that reflects the regulator's newly aggressive approach to investor protection.

Currently, there is up to 20 per cent difference in the best and worst rates which can mean thousands of pounds less in retirement income ... READ MORE

Is investor protection required elsewhere?

Released by the Financial Times - 31 January 2013