Annuity trading will bring risks to pensioners, says TUC
Commenting on reports that the Chancellor will today (Wednesday) publish a consultation on proposals to allow pensioners to trade their annuities, TUC General Secretary Frances O’Grady said:
“The government is again attempting to remedy a market failure by creating another market in the blind hope that this one might be different. It’s hard to see how such a trade in so-called 'death bonds' could work without a strong risk that many retired people will get a poor deal.”
“The government is again attempting to remedy a market failure by creating another market in the blind hope that this one might be different. It’s hard to see how such a trade in so-called 'death bonds' could work without a strong risk that many retired people will get a poor deal.”
18 March 2015
Commenting on reports that the Chancellor will today (Wednesday) publish a consultation on proposals to allow pensioners to trade their annuities, TUC General Secretary Frances O’Grady said:
“The government is again attempting to remedy a market failure by creating another market in the blind hope that this one might be different. It’s hard to see how such a trade in so-called 'death bonds' could work without a strong risk that many retired people will get a poor deal.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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