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Commutation Of Annuities

EDM number 1459 in 2017-19, proposed by Paul Masterton on 26/06/2018.
Categorised under the topics of Financial services and Pensions.

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.

This motion has been signed by a total of 6 MPs.

Paul Masterton26/06/2018East RenfrewshireConservativeProposed
Peter Bottomley26/06/2018Worthing WestConservativeSeconded
David Crausby27/06/2018Bolton North EastLabourSeconded
Jim Shannon28/06/2018StrangfordDUPSeconded
Stephen Lloyd02/07/2018EastbourneLiberal DemocratSeconded
Ruth George12/07/2018High PeakLabourSeconded

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