Retired 'could be given right to sell pension'
Retired people could be able to swap their monthly pension income for a cash lump sum under plans proposed by the Pensions minister Steve Webb.
He wants to extend changes being made to annuities which pay a fixed regular income in retirement to existing pensioners.
This would allow them a lump sum to spend on what they liked, and could be used alongside other pensions they have accumulated.
Business correspondent Joe Lynam reports.
04 Jan 2015