Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, when he expects the Financial Conduct Authority to publish its thematic review of the annuity market.

The Financial Conduct Authority (FCA) published its first round of thematic work looking at the annuity market in February this year and, based on the findings of this work, launched a Retirement Income Market Study to look at how competition is working for consumers across this market. In light of the pensions reforms announced at Budget in March 2014, the FCA updated the scope of the market study to be more forward looking.

The FCA also decided to conduct a further thematic review into annuities and is expected to publish both the interim findings of the Retirement Income Market Study and the thematic work on annuities before the end of the year.