Modernising annuities

Christmas came late this year ' but it was worth the wait. To be clear, by Christmas I mean the time by which the Government's consultation paper on annuities was originally scheduled to appear. The paper was foreshadowed in the Chancellor's pre-Budget speech early in November and it eventually appeared in early February under the name Modernising Annuities. It is difficult to remember that there was a time, before the pre-Budget speech, when the idea of a Government consultation paper on annuities seemed about as likely as the FSA producing one of its major papers without a reference to ...