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Pension reforms
hansi
Posts: 3,001
Forumite
I have an IVPP which pays me a small annuity yearly. Will I be offered a lump sum this year following the Government's pension reforms?
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Comments
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No. You gave up the pension pot to buy an annuity.Free the dunston one next time too.0
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Buying out of annuities is something that "is being looked into" but nothing more than that at the moment. http://www.bbc.co.uk/programmes/b04xjcn2
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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Buying out of annuities is something that "is being looked into" but nothing more than that at the moment. http://www.bbc.co.uk/programmes/b04xjcn2
I don't believe it is currently being looked at. It is a Steve Webb wish but nothing indicates it is an aim of the Government.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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