Provider scepticism failed to halt secondary annuity market plans

Freedom of information request reveals

Hannah Godfrey
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Provider scepticism failed to halt secondary annuity market plans

The government pressed ahead with plans for a secondary annuity market despite a lukewarm and - at times - sceptical response from providers, a freedom of information (FOI) request has revealed.

The government decided to scrap its plans to create a market for secondary annuities in October, stating "It has become clear that creating the conditions to allow a competitive market to emerge could...

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