“It’s vital consumers are properly protected” – Which? response to HM Treasury’s announcement on creating a secondary annuity market

Which? executive director, Richard Lloyd, said:

“These reforms will be welcomed by consumers who want to take advantage of the new pension freedoms but it’s vital they are properly protected. The Government has recognised the importance of strong safeguards for consumers but questions remain over how this will work in practice because for most people selling their annuity won’t be the best decision.”