§ Phil Sawford
To ask the Chancellor of the Exchequer what steps the Government has taken to ensure that consumers who are considering buying an annuity have clear information about all the options available to them. 
§ Ruth Kelly
Since 1 September annuity firms have been required, by Financial Services Authority (FSA) rules, to draw to the attention of their customers their right to exercise the "open market option", that is to say to shop around among annuity providers.23W
The FSA has at the same time introduced a fact sheet for distribution by firms that explains the importance of choosing the right type of annuity and shopping around for good value, and provides help with exercising those choices.
This fact sheet also draws attention to other FSA fact sheets and guides for those approaching retirement and contemplating the purchase of an annuity.