Webb has annuities in his sights

However, this didn't seem to bother him as he unveiled his plans for another five years of pension reform at the recent National Association of Pension Funds conference. It looks like the annuity market could be up for another shake-up in the not too distant future if Webb gets his way. This is a market severely shaken by the recent Budget, with early indications showing steep declines in the number of annuities purchased. However, Webb is now looking at allowing those who have already purchased an annuity to be given the opportunity to unwind it in return for a capital sum. "It co...