Investment - Articles - EY warns would-be annuity sellers, 'its a buyers market'

 “Freedom and flexibility to manage your money in retirement should be encouraged, but there is concern we could end up with more people relying on their state pension if personal financial decisions go sour. Given the efforts behind auto-enrolment, which was designed to further safeguard people in retirement, this would be ironic. Allowing current annuity holders to cash in their annuity will see the rise of a secondary market, and there’s little doubt it will be a buyers’ market. Advice and/or guidance will therefore be fundamental to help people make the best decisions for their personal circumstances and ensure a financially secure retirement.”