Filed Under:Markets, Affluent

Moody’s: Review of annuity sales could hurt U.K. insurers

A probe by Britain’s Financial Services Authority (FSA) into whether pensioners are getting a fair deal when they purchase annuities could be a credit negative for some U.K. annuity writers, says a Moody’s analyst.

Last week, the FSA announced the review, which will run through the second half of this year. The purpose, according to a statement from the FSA, is to explore “the risk of detriment that consumers may face as a result of not shopping around when purchasing an annuity.”

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Nichole Morford

Nichole Morford
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