Hornbuckle Mitchell wants ASP confirmation

Currently, the Government's official stance is that an Alternatively Secured Pension should only be used to defer the purchase of an annuity when the client had a 'principled religious objection' to buying a lifetime annuity. However, HB has said that the Government appears to have executed a dramatic U-turn by suggesting any pension saver who wants to delay annuity purchase past age 75 - giving a chance for their pension funds to recover from recent financial market turmoil - is free to move their funds into ASP. Mary Stewart, marketing director at HB, said: "Although there were no re...