Victory

Abolish the rules requiring pension savings to be used to buy an annuity.

This petition made change with 5 supporters!


Annuity rates are now at an all time low;- far lower even than current interest rates would justify. Annuity providers are taking advantage of legislation to profiteer at the expense of pensioners. Most people would be better off investing their own money directly, and if allowed to do so would also be able to leave their capital to whom they wished, upon death, rather than being forced to make a gift of it to the annuity provider.



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