Submitted on Monday 3rd October 2011
Published on Tuesday 18th October 2011
Current status: Closed
Closed: Thursday 18th October 2012
Signatures: 7
Tagged with
Provide a National Savings Annuity
The annuity providers make a profit and charge commission. This reduces the amount available to the pensioner. There is very little choice and all of the offered interest rates are derisory. When the pensioner dies the provider keeps the money.
The government should provide a competitive annuity product through National Savings, possibly index-linked. When the pensioner dies their money would go to the treasury rather than into a director's bonus scheme.
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18.226.251.22 Fri, 26 Apr 2024 06:38:52 +0100
