The Conservative Party will press for the termination of compulsory annuity purchase if elected to go...
The Conservative Party will press for the termination of compulsory annuity purchase if elected to government next month, along with other radical proposals, announced in the party's election manifesto. Removing the need to buy annuities would be possible as long as individuals maintain a minimum level of income and do not need to apply for means tested benefits then, says the conservatives manifesto, allowing people to pass on funds to their descendants. It is a view held by many sections of the financial services industry, however, industry figures have until now insufficiently rais...
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