Secondary Annuity Market plans scrapped

Financial Services Article

03 November, 2016

The government has confirmed that it has scrapped its plans to create a secondary annuity market.

The reason behind this is that they did not believe that sufficient consumer protection could be built into this market development.

The government had consulted with the industry and regulators over recent months and concluded that " a vibrant and competitive market with multiple buyers and sellers of annuities, could not be balanced with sufficient consumer protections"

For Financial Advice please contact Peter Toner 01772220383

Back

20 Apr 2017

Financial Services

NEWS AND ARTICLES

State pension to start at age 70?

Having previously been ruled out, reductions in tax relief for pension contributions are once again being…

Read the article

Make an enquiry