One careful owner: Can Webb's annuity sale plan work?

Pensions freedom, the biggest shake-up in retirement saving for decades, begins in just a few short weeks on 6 April. But Steve Webb is keen to take things a step further.  The Liberal Democrat pensions minister wants to extend the freedoms to those who have already retired – allowing people to sell their annuity contract for a cash lump sum. Webb said while no one would be obliged to sell their regular, guaranteed income stream, it should be an option for those who want upfront capital.  "I can see no reason why this should not be an option," he said.  Of course, pensions freed...