New pensions minister Ros Altmann has said she is hopeful existing annuitants will get the opportunity to sell their right to an income for a lump sum.
Speaking on BBC One's Watchdog on 21 May, Baroness Altmann said she was optimistic a "second hand" market would emerge for current annuity holders. "I hope that at some point we'll be able to set up a second hand market, if you like, for annuities where you will be able to sell them back, if you want to," she told Anne Robinson in response to a viewer's question. The government has issued a ‘call for evidence' - a consultation - on creating a secondary annuity market following the introduction of widespread changes to pensions first announced at Budget 2014 and rolled out on 6 April t...
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