The Financial Conduct Authority issued Policy Statement PS17/12 to mandate the implementation of information prompts within the annuity market. This regulatory change requires firms to adopt specific measures to ensure consumers receive necessary information during the annuity purchasing process. The deadline for firms to implement these required changes was set for 1 March 2018.
Open consultation: CP16/37 Read more about Open consultation: CP16/37
25/11/2016
Consultation closes
24/02/2017
Policy statement: PS17/12 Read more about Policy statement: PS17/12
26/05/2017
Firms required to implement changes
01/03/2018
01/03/2018