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Talkback

Should the Treasury&#39s consultation on annuity reform look to scrap the compulsory purchase rule?

“Yes. People should be enabled to make their own choices on what to do with their money after they retire.”

Jamie Ansell,Ansell Griffin Neville

“Absolutely. They have got to give people more choice and more time to wait for rates to improve. There is too much restraining pensioners which is acting as a disincentive to those thinking about starting a pension.”

Chris Barker,The Apollo Partnership

“Yes, definitely. The demographics have made the age 75 limit of little relevance to today&#39s financial planning purposes.”

Mark Taylor,Ashcombe Financial Services

“Yes. People should be able to decide what they want to do with their money. Annuities are generally bad. The only party that benefits is the insurance company.”

Dinesh Kumar,Axle Financial Management

“Yes. I do not think that people have enough flexibility to do what they want with their money.”

Geoffrey Houghton,BAP Insurance Consultants

“Yes. I think it is unfair.”

Robert Barrow,Barrow Hazel & Co

“No. I do not think it should be scrapped. People know what they&#39re getting into and get a tax advantage from it.”

Steve Reeves,Blake Reeves & Co

“Yes, they should scrap it or at least extend it Annuity rates are diabol-ical. People have worked hard and the Government is clawing back enough tax from pension funds.”

Brian Murray,Bricar Investment Management

yes 88%

no 12%

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