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Pension annuity

Has anyone heard that the govt has cancelled its proposal that from April 2017 you could sell an annuity to a third party in return for a lump sum?.

Comments

  • Tcquins
    Tcquins Posts: 65 Forumite
    Yes, its been well publicised to most.

    A good u-turn in my view, another accident waiting to happen with many likely to give up a guaranteed income to fritter away.
  • molerat
    molerat Posts: 34,993 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It was discussed long ago on here when it was dropped, mainly due to it being totally unworkable and none of the financial institutions wanting to buy.
  • dunstonh
    dunstonh Posts: 120,175 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Didnt you like the answers we gave on the same question you posted 3 hours ago on a different thread?
    https://forums.moneysavingexpert.com/discussion/comment/72171815#Comment_72171815
    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.
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