The government has delayed the launch of a secondary annuity market amid concerns about consumer protection, it has said in its Budget document out today.
In the detail of its Summer Budget the government wrote it will push back legislation allowing annuity holders to trade in their policies for a lump sum to 2017, to ensure a "robust package" is put...
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.
