Annuities
(asked on 6th July 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of recent annuity reforms on (a) the buy-to-let mortgage market and (b) house prices.
This question was answered on 14th July 2015
The new pension flexibilities, which took effect on 6 April, allow people to have greater freedom and choice than ever before in how they spend their retirement savings.
Independent analysis indicates that the majority of pension pots are not large enough to have an impact on either buy to let mortgage approvals, or on house prices.