PARLIAMENTARY WRITTEN QUESTION
Annuities (6 July 2015)
Question Asked
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.
Asked by:
James Cartlidge (Conservative)
Asked by:
James Cartlidge (Conservative)
Answer
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.
Answered by:
Dame Harriett Baldwin (Conservative)
14 July 2015
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.