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.
MP | Date | Constituency | Party | Type |
---|---|---|---|---|
Paul Masterton | 26/06/2018 | East Renfrewshire | Conservative | Proposed |
Peter Bottomley | 26/06/2018 | Worthing West | Conservative | Seconded |
David Crausby | 27/06/2018 | Bolton North East | Labour | Seconded |
Jim Shannon | 28/06/2018 | Strangford | DUP | Seconded |
Stephen Lloyd | 02/07/2018 | Eastbourne | Liberal Democrat | Seconded |
Ruth George | 12/07/2018 | High Peak | Labour | Seconded |
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