The Pensions Income Choice Association has issued a request for information as it looks to develop a directory of financial intermediaries to support customers who shop around at retirement.
The directory will provide investors with a single website where they can search for retirement advisers, annuity brokers and manufacturers.
It is designed to complement plans by the Association of British Insurers to introduce a mandatory shopping around code of conduct for its members.
Pica chairman Tom McPhail (pictured) says: “It is imperative that investors have a single site that they can go to that will give them quick and simple access to people who can help them find the right retirement income solution.
“This directory site is being developed in consultation with industry trade bodies, public service organisations such as the Money Advice Service and The Pensions Advisory Service, the DWP, the Treasury and other stakeholders.
“We are particularly interested to hear from organisations that have experience at developing and or running consumer facing directory services, preferably within the financial services industry.
“We are also interested to hear from any financial advisers, annuity brokers or manufacturers with a consumer-facing capability who may have any interest or input to offer regarding the development of the directory.”