Government bins plans for secondary annuity market

clock • 3 min read

The government has decided to scrap its plans to create a market for secondary annuities.

In a statement released on 18 October explaining the U-turn, the government said: "It has become clear that creating the conditions to allow a competitive market to emerge could not be balanced wit...

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

Government to reconsider rejection of Waspi compensation

Government to reconsider rejection of Waspi compensation

But it says rethink does not guarantee that financial redress will be awarded

Jonathan Stapleton
clock 12 November 2025 • 3 min read
Box Clever members transfer to ITV Pension Scheme as long-running case concludes

Box Clever members transfer to ITV Pension Scheme as long-running case concludes

TPR has now ceased its regulatory action against ITV and associated entities

Jonathan Stapleton
clock 06 November 2025 • 2 min read
Master trust authorisation six years on: What has changed and what's to come?

Master trust authorisation six years on: What has changed and what's to come?

Industry says regime has set a strong foundation but there is ‘room to evolve’

Holly Roach
clock 06 November 2025 • 8 min read
Trustpilot