Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.
It said it has been in discussion with the regulator and other ‘interested parties' about its plans. The government is looking to establish a way for people with annuity contracts to sell their income in return for a lump sum. Its consultation on the plans recently closed. Pensions minister Ros Altmann has been supportive of the idea which extends the pensions freedom and choice policy to those already in retirement. MorganAshThe business provides medical information for assessing longevity for the financial services market. It said it was only focusing on medical underwriting ...
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