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    • dunstonh
    • By dunstonh 18th Oct 16, 5:01 PM
    • 85,148Posts
    • 50,158Thanks
    dunstonh
    Govt scraps secondary annuity market plan
    • #1
    • 18th Oct 16, 5:01 PM
    Govt scraps secondary annuity market plan 18th Oct 16 at 5:01 PM
    Govt scraps secondary annuity market plan.

    No surprise there. Commercially, it would be unattractive and those that would be expected to transact in that area were all concerned over the viability. Indeed, many had said they intended to avoid the area altogether.

    https://www.moneymarketing.co.uk/govt-scraps-secondary-annuity-market-plans/
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
Page 1
    • bigadaj
    • By bigadaj 18th Oct 16, 6:36 PM
    • 7,861 Posts
    • 4,796 Thanks
    bigadaj
    • #2
    • 18th Oct 16, 6:36 PM
    • #2
    • 18th Oct 16, 6:36 PM
    Govt scraps secondary annuity market plan.

    No surprise there. Commercially, it would be unattractive and those that would be expected to transact in that area were all concerned over the viability. Indeed, many had said they intended to avoid the area altogether.

    https://www.moneymarketing.co.uk/govt-scraps-secondary-annuity-market-plans/
    Originally posted by dunstonh
    Looked like a nice idea politically speaking but a nightmare in practice, complaints about over charging from day one, but like someone buying a new car and then complaining about how much the value had dropped when they get it valued later.

    Politically expedient given the changes in government and ministerial shuffle as well.
    • AnotherJoe
    • By AnotherJoe 18th Oct 16, 6:40 PM
    • 4,210 Posts
    • 4,225 Thanks
    AnotherJoe
    • #3
    • 18th Oct 16, 6:40 PM
    • #3
    • 18th Oct 16, 6:40 PM
    Practically speaking it was an utter nightmare and makes it plain what an idjut Osborne was to have come up with this cockamamie scheme.
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