Petition Provide a National Savings Annuity

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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.

This petition is closed This petition ran for 6 months

7 signatures

Progress of the petition towards its next target: 7 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 18 October 2012
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