Labour Lord scolds 'dysfunctional' annuity market

Jenna Towler
clock

A Labour peer has attacked the annuity market, claiming it "plays fast and loose" with the regulatory framework.

Lord Bradley made the comments in a speech to the House of Lords on Tuesday. He was speaking in favour of an amendment which would have seen the use of an annuity broker at retirement become com...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

What next for the £14bn Pension Protection Fund reserves?

What next for the £14bn Pension Protection Fund reserves?

SPP says lifeboat fund is now operating in a ‘significantly changed landscape’

Jonathan Stapleton
clock 13 May 2026 • 2 min read
King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Schemes poised to act as Virgin Media remedy becomes law

Schemes poised to act as Virgin Media remedy becomes law

Sackers finds one third of schemes say they are ‘highly likely’ to make use of the remedy

Jonathan Stapleton
clock 12 May 2026 • 3 min read
Trustpilot