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...
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'