secondary annuity market
Have your say: Which type of DC scheme is best?
In this week's Pensions Buzz, we want to know whether you think a contract-based, trust-based or a master trust arrangement would be best for a new defined contribution scheme.
Treasury rules out review of ditched secondary annuity market
The Treasury has reaffirmed its decision against rolling out freedoms to the annuity market, arguing it would be impossible to balance consumer protections with a functioning market.
Government bins plans for secondary annuity market
The government has decided to scrap its plans to create a market for secondary annuities.
FCA to personalise guidance fact-finds for annuity resales
Annuities can be re-sold from April 2017
FCA urged to bolster protections for secondary annuity market
The secondary annuities market will only work if the Financial Conduct Authority (FCA) puts in place adequate protections to prevent consumers being ripped off.
Secondary annuity market could pave the way for DB flexibilities
Introducing greater flexibilities for defined benefit (DB) members should be a serious legislative consideration for the government according to Broadstone technical director David Brooks.
HMRC and FCA unveil draft rules for secondary annuities
HMRC and the FCA have begun consulting on a tax framework and rules for the secondary annuity market.
Treasury backs mandatory advice for annuity re-sales
The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.
FCA is right to probe investment sector conflicts say schemes
A large majority of the pensions industry believes the Financial Conduct Authority (FCA) is right to investigate asset managers and investment consultants.
Industry says change is needed but rejects ISA pensions
The pensions industry recognises the need for change, but thinks the summer Budget spells trouble and ‘ISA pensions' would mean lower retirement incomes, according to PP research.
Summer Budget: Government delays secondary annuities market
The government has delayed plans to let pensioners cash in annuities until 2017.
Webb: Annuity trade-in guaranteed to go ahead
The creation of a second-hand annuity market is guaranteed to happen, according to former pensions minister Steve Webb, who suggested the Treasury has already ‘banked' the cash it expects to receive from the policy.
Mandatory advice crucial for secondary annuity market
People looking to trade in their annuities for cash should be obliged to take independent financial advice, industry pundits agree.
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