MONEY
ANNUITIES
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While anyone with an annuity will soon be able to sell
their policy for cash, whether they receive value for
money is another matter entirely, writes Pádraig Floyd
W
hen the chancellor
announced the
reforms to pensions
in the 2014 Budget,
many people couldn’t believe their
ears. Investors were to be given
unprecedented access to their
pensions from the age of 55 as part
of what was called “