Adrian Boulding: Sizing up the secondary annuity market opportunity

The ‘final frontier' of pension freedom and choice

clock • 6 min read

Adrian Boulding weighs up the potential scale of the forthcoming secondary market - and what it could mean for holders, advisers and the wider retirement sector

On 6 April 2017, the secondary annuity market will be declared open for business. The ground was laid with the publication last April of the FCA's Consultation Paper 16/12 ‘Secondary Annuity Market - proposed rules and guidance' and HMRC's ‘Creating a secondary annuity market: tax framework' - both following the DWP's and HM Treasury's Creating a Secondary Annuity Market - Response to call for evidence consultation, published last December. We now know that the existing annuity market is made up of six million policies, being paid out to some five million people. The market is worth an a...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read