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UK: An Activist Regulator's Power To Force You To Show Competing Products

The UK's Financial Conduct Authority has decided to try and make the UK annuity market a bit more competitive by forcing insurers to show competitor quotes for annuities. That is an extremely activist measure to take. The details from the FCA show frustration with low levels of comparison by consumers, and a concern for market failure. This is a subject we will expand on in the Quarterly Life Review we will publish to institutional subscribers in a fortnight. Link

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