Progressive legislation has already been introduced to provide retirees with more financial freedoms at the point of retirement.
The Government are now looking to extend these freedoms to existing pensioners. It is proposed that existing annuity holders, who have up until now been obliged to purchase an annuity at retirement, should be given the choice to realise the value of their annuity in an open market.
Sellingmyannuity.co.uk has been conceived in anticipation of the creation of this new market.
Through our associated companies Surrenda-link and SL Investment Management, we have over 26 years' of experience serving the needs of UK consumers and global investors in the UK Traded Endowment and US Life Settlement markets.
Our aim is simple:
Subsequent legislation is planned for later in 2016 and the Financial Conduct Authority (the UK Regulator) is scheduled to start their consultation process on the regualtory framework later in the Spring. The stated aim is to launch a new UK market in secondary annuities in April 2017.
Already have an annuity?
why not submit your details to receive a free no obligation evaluation of your policy.
Please note: Legislation to enable the trading of annuities in the UK has not yet been passed. As such, our free evaluation service serves as an indicative appraisal of the potential value of your annuity should a future secondary market develop. The evaluation does not constitute a legal offer to purchase your annuity. An annuity is an important long term income stream to many retirees, and selling an annuity may not be suitable for everyone's circumstances. We provide no advice to consumers. Should a secondary market in annuities develop and you are in any doubt as to the financial implications of selling your annuity, you should seek advice from an Independent Financial Adviser.
"To apply our existing expertise and knowledge to bring consumers and investors together in an efficient and fair UK secondary annuity market."
© Sellingmyannuity.co.uk is a trading name of SL Investment Management Ltd which is Authorised and Regulated by the Financial Conduct Authority. SL Investment Management Ltd is a registered company in England and Wales. Registered at 8-11 Grosvenor Court, Foregate Street, Chester, CH1 1HG, Registered No. 2485382. SL Investment Management Ltd is a member of the Association of Policy Market Makers and the European Life Settlement Association.
Days remain until the UK secondary annuity market launches