Small pot annuitants 'most likely' to sell up

A fifth of some 2,000 existing annuity holders polled by over-55s retirement services provider Saga indicated they would be likely to sell their plans, with those drawing an income from smaller pots the most keen. The government has indicated it will not compensate people through welfare for any loss of income which comes about due to assigning their annuity to a third party, adding it may prevent people on means-tested benefits from accepting a deal at all. But the Saga research suggested it is those on low incomes who are more likely to want to sell. In his latest Budget, Chancel...