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The latest part of this process was the publication this week of tables of different annuity prices by the ABI.
Such a "laddering" approach to annuitization would also have the benefit of smoothing over changes in interest rates, which are the main driver of annuity prices.
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The changes to annuity pricing and the proposed change to the state pension scheme are generally good news for women.
As part of its investigation, the regulator looked at 13 annuity price-comparison websites, and said poor practice was found on all of them.
This would identify if a provider that was ranked low in the annuity pricing tables was profiting from high volumes of business.
However, an EU ban on gender-based annuity pricing (introduced in the UK on 21 December 2012) has already begun to have an effect, with women's annuity income increasing by around 3% and men's annuity income reducing correspondingly.
And I haven't even mentioned other factors here, like the viability of the company offering the policy, the volatility in current index annuity pricing and the insurance features of these annuities that their issuers promote.
Deferred Income Annuity Pricing: Remember that with a deferred income annuity, you have to elect how far in the future you want payments to start.
Immediate Annuity Pricing: For a 65-year-old male for a company that is A+ rated with payments starting right away, payout rates for a life-only product are currently 6.4% and, for a female, 5.9%.
Conversely, if the buyer opts for an inflation-linked annuity and prices rise more slowly than expected, he might end up with a permanently lower standard of living.Nor can pensioners know what the future demands on their income will be.
This led to annuity providers pricing annuities for men and women differently on the basis that a woman's pension is expected to be in payment for longer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com