--- title: "Meaning & Key Takeaway of: For example at the moment there is a…" description: "\"For example at the moment there is a compulsory requirement to buy an annuity. That is something we would get rid of. It puts some people off saving.\" ..." image: "https://sms4smile.com/quotes/i/e7b/george-osborne-3998_compulsory_for-example-at-the-moment-there-is-a-com_1244346.png" --- # For example at the moment there is a compulsory… ![“For example at the moment there is a compulsory requirement to buy an annuity. That is something we would get rid of. It puts some people off saving.” quote by George Osborne](https://sms4smile.com/quotes/i/e7b/george-osborne-3998_compulsory_for-example-at-the-moment-there-is-a-com_1244346.png) [Download](https://sms4smile.com/quotes/i/e7b/george-osborne-3998_compulsory_for-example-at-the-moment-there-is-a-com_1244346.png) [Open image](https://sms4smile.com/quotes/i/e7b/george-osborne-3998_compulsory_for-example-at-the-moment-there-is-a-com_1244346.png) > “For example at the moment there is a compulsory requirement to buy an annuity. That is something we would get rid of. It puts some people off saving.” [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Criticizes mandatory annuity purchases as a barrier to saving for some people. **In simple terms:** Compulsory annuities hinder saving. Key Takeaway Reform saving policies. Themes economics policy finance Mood concerned analytical Type political policy When to use this quote - retirement planning - financial advice - government regulation Key Concepts pension reform behavioral economics Questions to Reflect On - Should saving be incentivized or optional? - What alternatives support low‑income savers? A Different Perspective May ignore benefits of forced savings. ★ ★ ★ ★ ★ No ratings yet [Annuity](https://sms4smile.com/quotes/about/annuity-678068/) [Annuity Rid](https://sms4smile.com/quotes/about/annuity-rid-3897417/) [Buy Annuity](https://sms4smile.com/quotes/about/buy-annuity-1938435/) [Compulsory](https://sms4smile.com/quotes/about/compulsory/) [Compulsory Requirement](https://sms4smile.com/quotes/about/compulsory-requirement-3897418/) [Example](https://sms4smile.com/quotes/about/example/) [Moments](https://sms4smile.com/quotes/about/moments/) [People](https://sms4smile.com/quotes/about/people/) [Requirements](https://sms4smile.com/quotes/about/requirements/) [Saving](https://sms4smile.com/quotes/about/saving/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [“So, while it’s clearly in the interests of your pension provider and financial adviser to get hold of your money as soon as they…](https://sms4smile.com/quotes/david-craig/so-while-it-s-clearly-in-the-interests-of-your-pension-provider-and/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [People worry that if they buy an annuity and then die before the policy starts to pay off, their heirs will lose out. I…](https://sms4smile.com/quotes/richard-thaler/people-worry-that-if-they-buy-an-annuity-and-then-die-before-the/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [You don't date an annuity, you marry it. An annuity isn't a mutual fund that you buy today and sell tomorrow. Nor is it…](https://sms4smile.com/quotes/jane-bryant-quinn/you-don-t-date-an-annuity-you-marry-it-an-annuity-isn-t-a-mutual-fund/) [Jane Bryant Quinn](https://sms4smile.com/quotes/author/jane-bryant-quinn/) > [Buy an annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation.](https://sms4smile.com/quotes/charles-dickens/buy-an-annuity-cheap-and-make-your-life-interesting-to-yourself-and/) [Charles Dickens](https://sms4smile.com/quotes/author/charles-dickens/) > [Content pays an ongoing information annuity that other forms of marketing simply do not.](https://sms4smile.com/quotes/jay-baer/content-pays-an-ongoing-information-annuity-that-other-forms-of/) [Jay Baer](https://sms4smile.com/quotes/author/jay-baer/) > [When fresh sorrows have caused us to take some steps in the right way, we may not complain. We have invested in a life…](https://sms4smile.com/quotes/sophie-swetchine/when-fresh-sorrows-have-caused-us-to-take-some-steps-in-the-right-way/) [Sophie Swetchine](https://sms4smile.com/quotes/author/sophie-swetchine/) > [People who buy annuities, it turns out, live longer than people who don't, and not because the people who buy annuities are healthier to…](https://sms4smile.com/quotes/anonymous/people-who-buy-annuities-it-turns-out-live-longer-than-people-who-don/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The motivation to start the infrastructure business was to have at least one business that gives you annuity income. Others are services businesses that…](https://sms4smile.com/quotes/subhash-chandra/the-motivation-to-start-the-infrastructure-business-was-to-have-at/) [Subhash Chandra](https://sms4smile.com/quotes/author/subhash-chandra/) > [“But if you’d waited before buying an annuity and suddenly go to that great spaceship in the sky before handing over your cash, then…](https://sms4smile.com/quotes/david-craig/but-if-you-d-waited-before-buying-an-annuity-and-suddenly-go-to-that/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“To understand what that means in commonsense terms, consider a person who plans to live off the income from $1 million invested in T-bills.…](https://sms4smile.com/quotes/anonymous/to-understand-what-that-means-in-commonsense-terms-consider-a-person/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Most actors in my position, at 47, you want your annuity show. You want your Marg Helgenberger role on 'CSI.' But that's like winning…](https://sms4smile.com/quotes/julie-warner/most-actors-in-my-position-at-47-you-want-your-annuity-show-you-want/) [Julie Warner](https://sms4smile.com/quotes/author/julie-warner/) > [The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if…](https://sms4smile.com/quotes/tony-robbins/the-best-tool-today-is-longevity-insurance-they-call-it-income/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [It really depends upon how much money you have in your account. Having a monthly paycheck come in for the rest of your life…](https://sms4smile.com/quotes/hedrick-smith/it-really-depends-upon-how-much-money-you-have-in-your-account-having/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [Thankfully, in my youth I had the best financial advisor a son could ask for: my dad Walter. When I got that first signing…](https://sms4smile.com/quotes/wayne-gretzky/thankfully-in-my-youth-i-had-the-best-financial-advisor-a-son-could/) [Wayne Gretzky](https://sms4smile.com/quotes/author/wayne-gretzky/) > [“at least to wait until your failing health qualifies you for an enhanced annuity.”](https://sms4smile.com/quotes/david-craig/at-least-to-wait-until-your-failing-health-qualifies-you-for-an/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) ## More by George Osborne > [We will also target tax evasion and off-shore tax havens... Everyone must pay their share.](https://sms4smile.com/quotes/george-osborne/we-will-also-target-tax-evasion-and-off-shore-tax-havens-everyone/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [There are plenty of people who don't want change - the Labour Party, some of their militant trade union friends like Unite busy causing…](https://sms4smile.com/quotes/george-osborne/there-are-plenty-of-people-who-don-t-want-change-the-labour-party/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [You know the illusion of the cheap money is over and now Britain has to go out there and graft and earn its way…](https://sms4smile.com/quotes/george-osborne/you-know-the-illusion-of-the-cheap-money-is-over-and-now-britain-has/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Just as we should never balance the budget on the backs of the poor, so it is an economic delusion to think you can…](https://sms4smile.com/quotes/george-osborne/just-as-we-should-never-balance-the-budget-on-the-backs-of-the-poor/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Britain has no divine right to be one of the richest countries in the world.](https://sms4smile.com/quotes/george-osborne/britain-has-no-divine-right-to-be-one-of-the-richest-countries-in-the/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom.…](https://sms4smile.com/quotes/george-osborne/there-is-a-big-problem-the-problem-is-the-country-borrowed-too-much/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Everyone in our society has had to make a contribution towards dealing with the debts.](https://sms4smile.com/quotes/george-osborne/everyone-in-our-society-has-had-to-make-a-contribution-towards/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Well British pension funds have not been investing the savings of British people in British infrastructure.](https://sms4smile.com/quotes/george-osborne/well-british-pension-funds-have-not-been-investing-the-savings-of/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Believe me, I understand that most higher rate taxpayers are not the super-rich.](https://sms4smile.com/quotes/george-osborne/believe-me-i-understand-that-most-higher-rate-taxpayers-are-not-the/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at…](https://sms4smile.com/quotes/george-osborne/the-positive-news-is-that-the-british-economy-is-continuing-to-grow/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [No other chancellor in the long history of the office has felt the need to pass a law in order to convince people he…](https://sms4smile.com/quotes/george-osborne/no-other-chancellor-in-the-long-history-of-the-office-has-felt-the/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [I think you can look at the British economy with confidence.](https://sms4smile.com/quotes/george-osborne/i-think-you-can-look-at-the-british-economy-with-confidence/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Every day as Chancellor I see alerts telling me of risks around the world.](https://sms4smile.com/quotes/george-osborne/every-day-as-chancellor-i-see-alerts-telling-me-of-risks-around-the/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [Tax cuts should be for life, not just for Christmas.](https://sms4smile.com/quotes/george-osborne/tax-cuts-should-be-for-life-not-just-for-christmas/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [The rise in world oil prices has been larger than anyone forecast.](https://sms4smile.com/quotes/george-osborne/the-rise-in-world-oil-prices-has-been-larger-than-anyone-forecast/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) [Explore all 118 George Osborne quotes ](https://sms4smile.com/quotes/author/george-osborne/) ## More Compulsory quotes > [I never did drama at school. I did it for one term, when it was compulsory, and I hated it. Tennis was the main…](https://sms4smile.com/quotes/luke-mitchell/i-never-did-drama-at-school-i-did-it-for-one-term-when-it-was/) [Luke Mitchell](https://sms4smile.com/quotes/author/luke-mitchell/) > [Education: free and compulsory - what a way to learn logic!](https://sms4smile.com/quotes/frank-van-dun/education-free-and-compulsory-what-a-way-to-learn-logic/) [Frank Van Dun](https://sms4smile.com/quotes/author/frank-van-dun/) > [East Germany was so total in its totalitarianism that everything was banned which wasn't compulsory.](https://sms4smile.com/quotes/p-j-o-rourke/east-germany-was-so-total-in-its-totalitarianism-that-everything-was/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [I studied with a blind teacher from about 5 until I was 16, at two different schools. From the age of 12 until 16,…](https://sms4smile.com/quotes/george-shearing/i-studied-with-a-blind-teacher-from-about-5-until-i-was-16-at-two/) [George Shearing](https://sms4smile.com/quotes/author/george-shearing/) > [I have very real concerns about the civil liberties implications of ultimately requiring every resident to submit themselves for compulsory fingerprinting or some other…](https://sms4smile.com/quotes/patricia-hewitt/i-have-very-real-concerns-about-the-civil-liberties-implications-of/) [Patricia Hewitt](https://sms4smile.com/quotes/author/patricia-hewitt/) > [Also in the new constitution, we want to lower the voting age from 20 years to 18 years and also gradually implement a voluntary…](https://sms4smile.com/quotes/chen-shui-bian/also-in-the-new-constitution-we-want-to-lower-the-voting-age-from-20/) [Chen Shui-bian](https://sms4smile.com/quotes/author/chen-shui-bian/) > [Those who begin coercive elimination of dissent soon find themselves exterminating dissenters. Compulsory unification of opinion achieves only the unanimity of the graveyard.](https://sms4smile.com/quotes/anonymous/those-who-begin-coercive-elimination-of-dissent-soon-find-themselves/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Citizens ... should be practitioners of civic virtue in their conduct toward government. They should be ever willing to fulfill the duties of citizenship.…](https://sms4smile.com/quotes/dallin-h-oaks/citizens-should-be-practitioners-of-civic-virtue-in-their-conduct/) [Dallin H. Oaks](https://sms4smile.com/quotes/author/dallin-h-oaks/) > [The chief attraction of military service has consisted and will consist in this compulsory and irreproachable idleness.](https://sms4smile.com/quotes/leo-tolstoy/the-chief-attraction-of-military-service-has-consisted-and-will/) [Leo Tolstoy](https://sms4smile.com/quotes/author/leo-tolstoy/) > [ Praise becomes compulsory when we experience true intimacy \[with God\]. ](https://sms4smile.com/quotes/beth-moore/praise-becomes-compulsory-when-we-experience-true-intimacy-with-god/) [Beth Moore](https://sms4smile.com/quotes/author/beth-moore/) > [When caring for your neighbor becomes a compulsory obligation imposed by government instead of voluntary, charity turns to confiscation and freedom to achieve to…](https://sms4smile.com/quotes/star-parker/when-caring-for-your-neighbor-becomes-a-compulsory-obligation-imposed/) [Star Parker](https://sms4smile.com/quotes/author/star-parker/) > [Lesbian existence comprises both the breaking of a taboo and the rejection of a compulsory way of life. It is also a direct or…](https://sms4smile.com/quotes/adrienne-rich/lesbian-existence-comprises-both-the-breaking-of-a-taboo-and-the/) [Adrienne Rich](https://sms4smile.com/quotes/author/adrienne-rich/) > [You can legislate many conditions-but you cannot legislate harmony into the hearts of men. To attain industrial peace, we need more than by-laws and…](https://sms4smile.com/quotes/clarence-francis/you-can-legislate-many-conditions-but-you-cannot-legislate-harmony/) [Clarence Francis](https://sms4smile.com/quotes/author/clarence-francis/) > [Every politically controlled educational system will inculcate the doctrine of state supremacy sooner or later. . . . Once that doctrine has been accepted,…](https://sms4smile.com/quotes/isabel-paterson/every-politically-controlled-educational-system-will-inculcate-the/) [Isabel Paterson](https://sms4smile.com/quotes/author/isabel-paterson/) > [So Thomas Pynchon wants a private life and no photographs and nobody to know his home address. I can dig it, I can relate…](https://sms4smile.com/quotes/salman-rushdie/so-thomas-pynchon-wants-a-private-life-and-no-photographs-and-nobody/) [Salman Rushdie](https://sms4smile.com/quotes/author/salman-rushdie/) [Browse all 136 Compulsory quotes ](https://sms4smile.com/quotes/about/compulsory/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "For example at the moment there is a compulsory requirement to buy an annuity. That is something we would get rid of. 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