Legal and General (L&G) is meeting with the Financial Services Authority (FSA) in an effort to ensure consumers using the watchdog's website 'Moneymadeclear' are able to obtain accurate annuity information. In the past the FSA run website has contained information that has been alledged to be not up to date, which means consumers could be making decisions using old data. This highlights the sensible approach of using a professional IFA advisor, such as through Annuity Arrow as we always use current up to date figures.

Tim Gosden, Legal & General head of annuity product development, told the Financial Times, it was 'slightly worrying' the information provided on the regulator's consumer-facing website moneymadeclear.com was not always up to date.

However, Gosden said that, after this issue was raised, the FSA had recognised the shortcomings of its data and had asked to meet with Legal & General to discuss the issue.

However, the regulator told FT it was confident its tables were up to date and that it updated its website information 'very frequently, almost daily'