The decision to scrap the secondary annuities market may disappoint some yet the industry should be heaving a big sigh of relief, argues Neil MacGillivray
When the government first announced its plans to create a market for secondary annuities it rang alarm bells. It was clear from the outset that the government had no understanding of the annuity market...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress