FCA dices with actuaries in annuity profits probe

14 February 2014

Published in: Risk management, Longevity - mortality, Corporate strategy, Capital management, Reinsurance, Regulation, Solvency II, Investment risk - strategy, Pensions, UK

Companies: FCA, PRA, Towers Watson, Hymans Robertson

The UK's Financial Conduct Authority wants to make the annuity markets more competitive, but tackling excess profitability and price differentiation may be a bigger challenge than it thinks. Christopher Cundy reports