Webb puts annuity reform on top of post-election wish list

Speaking to NAPF Conference delegates Webb said he would like to see annuitants offered the opportunity to convert their income for a capital sum. "We can't do anything about this before the next election but if I am part of the next government it's an area I would like to look at," he said. "It could be helpful for those who have a small pension pot for whom a small income may not be a game changer but a capital sum might be. However, we would need to find the right price." When asked whether such a move would be used to only help those who annuitised shortly before the Budget Webb s...