PLSA responds to secondary annuity market proposed rules and guidance consultation

The Pensions and Lifetime Savings Association (PLSA) has broadly welcomed the new rules and guidance proposed by the Financial Conduct Authority (FCA) in its Secondary annuity market – proposed rules and guidance consultation which closed on 21 June 2016.

However, the PLSA believes there are additional actions that could be taken to maximise the success of this market. In particular, the FCA should consider what further action it would take to ensure what is likely to be a small market functions effectively for both the buyer and the seller.

For more information please read the PLSA’s consultation here in full.