Liberty SIPP's John Fox: Cash-for-annuities could cost pensioners twice

"Headlines touting an 'annuity escape plan' will be catnip for many pensioners. The timing of today's announcement is clearly no accident, as retired people are the age group most likely to vote - and most likely to vote Conservative. Electioneering aside, this plan has the potential to offer a lifeline to the millions of pensioners stuck with a measly annuity. But the practicalities of unpicking annuities are going to be huge. The maths involved in calculating the value of these complex products is beyond most astrophysicists. So it will be almost impossible for most peopl...