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Do the Government&#39s annuity reform proposals go far enough?

“No. The compulsory threshold should be removed altogether. People with a pension fund should be allowed to do what they want with it.”

Alan Northeast, Northeast & Thakrar

“No. I can see where the FSA is coming from but it does not change the fact that it is the client&#39s money.”

Paul Duckworth,Paul Duckworth IFA

“No. The FSA has not addressed the key issues, like the age limit for compulsory annuity purchase and the public perception that annuities are giving away capital.”

Ian Smith, Thomas & Young Financial Services

“No. What the FSA needs to do is make sure that any annuitant has an index-linked annuity at such a level as will ensure they never need to claim any supplementary benefits.”

John Owen, Willis Owen

“No. I don&#39t think they have gone far enough. I think the lunatics have taken over the palace. I do not understand why they cannot just pop across to the Republic of Ireland and see what they are doing over there.”

Jim Clancy,Clancy&#39s Financial & Business Advisers

“No. If they are going to reform annuities, all I have seen so far is tinkering around the edges.”

Alastair Lyon, Credenda/IFA Direct

Yes. I think they have gone far enough. They are just introducing more and more rules and if they continue down this path they will end up damaging the consumer.”

Keith Jarman,Hughes Carne IFA

“No. I believe people should be able to do what they want to do with their pension pot in retirement.”

Steve Laird, Laird Financial Planning

yes 12%

no 88%


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Standard Sipp gives choice on payment

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