Plan to extend Budget pension freedoms to already-retired

clock

Retirees who had already purchased an annuity may be able to benefit from the pension freedoms announced at last year's Budget by selling theirs to the highest bidder.

The Department for Work and Pensions (DWP) is drawing up plans to enable pensioners to sell their annual lifetime incomes in return for a lump sum at any time after they have retired, pensions mini...

To continue reading this article...

Join Professional Adviser

 

  • 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 Income

Nicola Parish: “Our new scams combat plan sets out to make savers aware of the risk of scams"

Cost of living exposing savers to more scams, TPR warns

TPR scams strategy

Hope William-Smith
clock 03 August 2022 • 2 min read
Jessica List: "I wonder if a full overhaul isn't the best solution to fixing the challenges with the current tax relief system."

Jessica List: Is tax relief reform consensus actually possible?

We have a problem...

Jessica List
clock 01 August 2022 • 4 min read
'Farewell' to technical provisions, says expert

'Farewell' to technical provisions, says expert

'Greater protection for members'

Holly Roach
clock 29 July 2022 • 1 min read