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FSA set to probe annuity prices
The Financial Services Authority will today kick off a thematic review into annuity prices in a bid to make sure customers are getting a fair deal on prices when they come to retire. The probe, which began earlier this month but is officially unveiled by the City watchdog today, will conduct a pricing survey of all annuity providers’ rates and aims to tackle risks to consumers if they fail to shop around for an annuity.