Pensions crackdown as damning report reveals half of savers get stung with a worse annuity than they deserve

48% of savers taking an annuity for retirement income could get more Insurers fail to explain options to those who could get better payouts Biggest losers have medical conditions that can mean enhanced income Watchdog orders more work to ensure mis-selling has not taken place Review of sales to go back to 2008 to see if they were fair But FCA says pensions freedom spells good news for retirement choices