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Posts feedPension freedom or trap for the unwary?
An interesting development is the pending right of annuitants to sell their future annuity payments for a cash lump sum, planned for introduction in 2017. The new option will only apply to holders of individual annuity policies with insurers, either from initial purchase of an annuity or because they are holders of individual annuities following a buy-out.
Too good to be true?
People in poor health don't live as long as their healthier colleagues. This obvious fact underpins the existence of the enhanced annuity market in the United Kingdom.