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The FSA have started an investigation into how annuities are sold, currently only around 40% of retirees actually shop around for a better annuity rate. The purpose of the study is to reduce this amount to zero.
By Advocate Financial Center
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By Scott Artichoke
The latest statistical research figures show that annuity rates are on a 15 year low. Financial advisers are urging people facing retirement to exercise their right to use the open market option to find the best annuity rates.