CPS Insurance is an insurance company based in Newport Beach, California. It is California's leading independent marketer of different insurance products and services that specializes in life insurances and annuities.
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.
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.