FCA investigating annuity sales - Telegraph

The Financial Conduct Authority has begun an analysis of annuity sales by all Britain's major insurers since 2008, which could lead to compensation for pensioners found to have been sold inappropriate products, the Telegraph newspaper said. More than 600,000 pensioners are believed to have been sold annuity contracts that failed to account for their health in the six-year period under review, the newspaper said. Most were never told that conditions such as diabetes or high blood pressure could e