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

No u-turn on pension IHT overhaul as Finance Bill set to become law

No u-turn on pension IHT overhaul as Finance Bill set to become law

Poised to receive Royal Assent

Laura Miller
clock 18 March 2026 • 3 min read
AMNT: Treating lay trustees as amateurs is 'faulty thinking'

AMNT: Treating lay trustees as amateurs is 'faulty thinking'

Maggie Rodger says the rise of schemes without a member voice is a retrograde step

Maggie Rodger
clock 18 March 2026 • 4 min read
Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Court upholds trustees' right to recover the costs of unsuccessfully defending themselves

Chris Edwards-Earl looks at how a recent Court decision upholds trustee rights to be indemnified from scheme assets

Chris Edwards-Earl
clock 17 March 2026 • 3 min read
Trustpilot