Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-09-15.

To ask Mr Chancellor of the Exchequer, if he will make it his policy to postpone the introduction of the secondary market for annuities until 2018 to ensure adequate time for the pension industry to plan for the introduction of that market.

Simon Kirby

To date, the Government has published the following consultation documents in relation to the secondary market in annuities policy:

Creating a secondary annuity market – March 2015

Creating a secondary annuity market: response to the call for evidence – December 2015

Creating a secondary annuity market: tax framework – April 2016

Creating a secondary market for annuities – secondary legislation – April 2016

These consultations have now closed. The Government will respond shortly.