Secondary annuity market: Consultation paper (CP16/12)

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By Jennifer Smith, Philip Jackson, Robert Bugg | 11 May 2016
In April, the Treasury announced its intention to create three new regulated activities for the secondary annuity market: buying annuity incomes, buying back annuity incomes and acting as an intermediary. Companies will need to obtain the relevant permission to partake in these actions, and CP16/12 seeks views on the FCA’s proposed rules and guidance on the secondary annuity market.