Investment - Articles - Comment from JLT EB on the secondary annuity market

 "It is eminently sensible to extend the flexibility of Freedom and Choice to pensioners who had bought an annuity before the rules changed. It is vital to safeguard these pensioners by giving them an informed choice and protecting them against the inevitable scam attempts. There must be appropriate guidance and advice available for pensioners thinking about cashing in their annuity and extra protection in place for vulnerable pensioners, with only regulated buyers allowed. Perhaps most importantly, if our elected politicians give pensioners the right to take control of their own retirement savings by selling their annuities, the regulators should focus on facilitating that safely rather than frustrating those who decide to take advantage of the new flexibility."