Following the Governments recent consultation on tradeable annuities, does the creation of a secondary annuity market create the risk of consumer detriment? Is there a risk that consumers who take out a poor value annuity then lose out again when they cash in their annuity?
Will advice be compulsory here? And are advisers even prepared to take on this business?
Should providers be able to buy back their own annuity contracts? Who is likely to enter the market as a buyer of secondary annuities?
What is the role of Pension Wise and providers in explaining this to consumers? Does Pension WiseÃÂ¹s remit need to be extended to focus on secondary annuities?
Does the ability to sell an annuity add to the impression that all annuities are bad? How does this sit in the wider annuities vs drawdown debate?... read more