Six in ten against exchanging annuities for cash

Michael Klimes
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Six out of ten trustees and pension professionals rejected pensions minister Steve Webb's bid to allow annuitants to sell their contracts in exchange for cash according to research carried out by PP.

Up to 60% of respondents said the idea was "a very worrying suggestion" and would lead to a number of undesirable consequences. "A political headline grabber but it's just not workable in practi...

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