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Regulator begins investigation into annuity market

The Financial Services Authority (FSA) is investigating whether consumers are getting a "fair deal" when purchasing annuities, it has announced. 04 Feb 2013

Regulator warns against 'toxic' traded life insurance policies

A controversial investment product which allows purchasers to effectively bet on when groups of American citizens are likely to die has been branded "toxic" and "unsuitable for the majority of UK retail investors" in new guidance from the Financial Services... 01 Dec 2011

Out-Law Guides

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Protection insurance sellers face six-month compliance deadline

Firms selling basic life cover, critical illness, income protection and payment protection insurance by phone or face-to-face have six months to show the Financial Services Authority (FSA) that they are complying with its rules. 01 Dec 2010

Compensation fund confirmed for Equitable Life policyholders

A fund of £1.5 billion will be made available to compensate Equitable Life policyholders who suffered losses as a result of regulatory failures, HM Treasury announced yesterday. 21 Oct 2010