Early day motion tabled by primary sponsor Paul Masterton (Conservative), on Tuesday, 26 June 2018, in the House of Commons. It is signed by 6 members in total.

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COMMUTATION OF ANNUITIES

That this House welcomes the launch of the Daily Mail's Unlock our Pensions campaign; notes that the Government proposed in March 2015 to extend pensions freedoms to existing annuity holders, by introducing a secondary market for commutation to be introduced in 2017; acknowledges that in October 2016 the Government announced it would no longer be proceeding with this policy; regrets the Government's statement that there are currently no plans to change policy to level the playing field; recognises that retirees may need to access funds from their annuity in times of need; and calls on the Government to legislate to allow 5 million retirees to safely partially sell their annuity.

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Secondary information

Type

Early day motion

Reference

1459 

Session

2017-19

Other sponsors

Peter Bottomley

David Crausby

Stephen Lloyd

Jim Shannon

Ruth George

Subjects

Annuities

Link

View this Early day motion on www.parliament.uk