Second hand annuity market will not deliver value

So Budget day was another busy day for the PP team with further cuts to the lifetime allowance and plans for a secondary annuity market unveiled.

Helen Morrissey
clock

So Budget day was another busy day for the PP team, with further cuts to the lifetime allowance and plans for a secondary annuity market unveiled.

According to the plans, from April 2016 more than five million annuitants will have the opportunity to sell their annuity. The aim of this is to deliver the freedoms announced in last year's Budget...

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

A fiduciary in sheep's clothing? Fiduciary management v OCIO

A fiduciary in sheep's clothing? Fiduciary management v OCIO

Questions around OCIO become increasingly pertinent as they become more prevalent

Jonathan Gilmour, Nicholas Baines and Tom Purkiss
clock 24 December 2024 • 4 min read
Government must collaborate with industry to ensure pension investment in UK

Government must collaborate with industry to ensure pension investment in UK

Lou Davey says partnership essential to avoid unintended consequences

Lou Davey
clock 23 December 2024 • 4 min read
SPP: The potential impact of bringing pensions into the inheritance tax regime

SPP: The potential impact of bringing pensions into the inheritance tax regime

Richard Wyatt says putting pensions into the IHT regime is like fitting a square peg in a round hole

Richard Wyatt
clock 19 December 2024 • 3 min read
Trustpilot