Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has to make changes to the criteria for enhanced annuity on the grounds of ill health.

The criteria for enhanced annuities on the grounds of ill health are set by individual pension providers in the terms and conditions of individual policies. Consumers should check with pension providers whether they are eligible for an enhanced annuity. As the Financial Conduct Authority’s recently published Retirement Outcomes Review interim report noted, over 90% of all enhanced annuities are purchased on the open market and consumers should shop around for the best possible deal.