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ABI responds to Chancellors announcement on secondary annuity market

Huw Evans, ABI Director GeneralThe Chancellor George Osborne has today announced plans to create a secondary annuity market in this week's Budget.

Responding to the announcement, Huw Evans, ABI Director General said:

"Providers support greater pensions flexibility and choice for customers. These new reforms will extend choice further but people seeking to use it will also face considerable complexities, especially around the tax implications of cashing in their annuity. That's why it is vital these changes are consulted on properly so the challenges can be thought through."

Last updated 01/07/2016