Providers 'interested' in Webb's annuity unwinding plan

The MP said the policy has proved popular with the general public and could be fairly straightforward to achieve. "The secondary market in annuities is an issue where I get good feedback from people," he said. "I also presented the idea to a group of actuaries who say the easiest way to do this would be to assign the policy. "So if I bought an annuity say from Scottish Widows all they would have to do when I sold it would be to change the bank details while I would receive the capital." He added: "Of course we would need multiple purchasers to get this market to work but some annui...