The outcome of the next general election looks way too close to call and speculation is mounting about how long Steve Webb will remain as pensions minister.
However, this didn't seem to bother him as he unveiled his plans for another five years of pension reform at the recent National Association of Pension Funds conference.
It looks like the annuity market could be up for another shake-up in the not too distant future if Webb gets his way. This is a market severely shaken by the recent Budget, with early indications showing steep declines in the number of annuities purchased.
However, Webb is now looking at allowing those who have already purchased an annuity to be given the opportunity to unwind it in return for a capital sum.
"It could be helpful for those who have a small pension pot for whom a small income may not be a game changer, but a capital sum might be," he said before remarking that the "annuity market has been broken for a long time".
Of course, nothing can be done on this this side of a general election. But Webb has said he wants the proposal to form part of any Liberal Democrat manifesto.
While there would be plenty to work through before such a policy could be introduced – for instance, what would the transfer values look like? – it would undoubtedly be of benefit to those who purchased an annuity just prior to the Budget and now wish that they had not.
It is all part of Webb's goal "to keep the smiles on peoples' faces". I would say there are many retirees out there who would certainly welcome a further increase in flexibility.
However, the already beleaguered annuity providers out there seem to have less and less to smile about all the time.
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