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Pension annuity

Thelma6
Posts: 5 Forumite
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?.
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Comments
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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.0 -
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.0
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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_72171815I 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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