Government defeated on annuities resolution

Professional Adviser
clock

The private members bill calling for amendment of the law requiring the compulsory purchase of annui...

The private members bill calling for amendment of the law requiring the compulsory purchase of annuities at age 75 has cleared another hurdle after it was passed despite Government opposition. The bill was passed with a majority of 112 despite a highly critical speech made by chief secretary to the Treasury Ruth Kelly and repeated pronouncements from ministers that it was a measure designed to help the rich. The Conservatives had a three line whip supporting the motion, something unusual for a private members bill.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations open!

Women in Financial Advice Awards 2026: Nominations open!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 24 March 2026 • 1 min read
PA Awards 2026: Photos from the night

PA Awards 2026: Photos from the night

Celebrating the advice profession's best

Professional Adviser
clock 20 March 2026 • 1 min read