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

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
Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read