“Pensioners who’ve been ripped-off in the past must be properly protected from a second rip-off ” – Which? response to HMT annt on secondary annuity reforms

Which? executive director Richard Lloyd, said:

“This reform will be popular with those who feel trapped by their annuity, but it’s good that the Government recognises it may not be the best option for everyone.

“Pensioners who’ve been ripped-off in the past must be properly protected from a second rip-off if they decide to sell it, so the Government now needs to look at the best way to make this work in practice to ensure that they get good value for money.”

Statement