We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Govt scraps secondary annuity market plan
dunstonh
Posts: 121,282 Forumite
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/
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). 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
Comments
-
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/
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.0 -
Practically speaking it was an utter nightmare and makes it plain what an idjut Osborne was to have come up with this cockamamie scheme.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards