Require a 10-year minimum term for grantor retained annuity trusts (GRATs).

FORBES: Obama's Budget Proposal Sets Up Estate Tax Fight

This bill would require consistent valuation for transfer and income tax purposes, modify the rules on valuation discounts, and require 10-year minimum term for Grantor Retained Annuity Trusts (GRATS).

FORBES: Billionaires Disagree About The Federal Estate Tax

Insurers are taking account of the fact that annuity payments will have to be paid out for a number of additional years - so there is a strong downward pressure on annuity rates in the long term.

BBC: Credit crunch benefits retirees

If you are being asked to lock your hard-earned cash away for thirty years or more, and then to have to buy an annuity at the end, you should receive more favourable tax treatment than you do on your short-term savings which you can draw out at any time and spend on whatever you like.

BBC: Peter Thompson's speech