UPDATED: Is a second-hand annuity market morally defensible?

Pensioners who cash in annuities after two or three years could lose half their pot in fees

Jonathan Stapleton
clock

Jonathan Stapleton says pensioners who cash in annuities after two or three years would just lose huge portions of their pot in fees and taxes

On the face of it, a second-hand market in annuities sounds a great idea. Those locked into annuities they didn't need or want - or those in annuities that provided the wrong shape of income, po...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

SPP: Refinement needed on FCA plans for targeted support

SPP: Refinement needed on FCA plans for targeted support

Amanda Cooke says greater clarity is needed on how trustees can help members

Dr Amanda Cooke
clock 15 April 2025 • 3 min read
Access and Brunel pooling plans rejected by government

Access and Brunel pooling plans rejected by government

Local government funds told to explore options to merge with other pools

Jonathan Stapleton
clock 14 April 2025 • 3 min read
TPR formally extends its oversight to professional trustee firms

TPR formally extends its oversight to professional trustee firms

Watchdog says move will help identify and mitigate any risks to pension savers

Martin Richmond
clock 02 April 2025 • 2 min read
Trustpilot