§ Mr. LetwinTo ask the Chancellor of the Exchequer if he will make it his policy to facilitate high-payment annuities for people of over 75 years of age with low incomes. [58264]
§ Ms Hewitt[holding answer 3 November 1998]: I would expect the annuities market to determine what rates of annuity are paid to individuals who buy annuities at a later time of life.