Second-hand annuities: Fraud and money laundering pose real risk

Sometimes you get asked a question and the knee-jerk reaction is to dismiss it out of hand as just a wee bit daft. (My wife says she treats everything I ask in that way.) But with a bit more thought the penny drops and the question actually has some depth to it. That's the process my brain went through when I was asked the question: "So when the second-hand annuity market comes along won't that offer new opportunities for fraudsters and money launderers?" You see I had fallen into the trap of thinking pension fraudsters were all about pension liberation and unregulated investment o...