COMMUTATION OF ANNUITIES

Early day motion 1459, tabled 26 June 2018 by Paul Masterton (Conservative). Signed by 6 members.

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.

Signatures by party: Conservative 2, Labour 2, DUP 1, Liberal Democrat 1.