Standard Life annuity margins down 60% post-Budget

Jenna Towler
clock

Annuity margins at insurer Standard Life were down 59% in the first half of the year due to the sweeping changes to retirement income announced in the Budget, latest results show.

The company said while UK operating profit was up 4% to £165m - compared to £159m in the first half of last year - the margin from UK annuity new business said was 59% lower. However, it added its ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

List: The biggest professional trustee firms in the UK

Professional Pensions is compiling a list of professional trustee firms and is looking for your help...

Jonathan Stapleton
clock 08 May 2026 • 1 min read
Rising Star Awards 2026: Less than one week left to nominate!

Rising Star Awards 2026: Less than one week left to nominate!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 08 May 2026 • 2 min read
PMI launches survey on DB investment governance

PMI launches survey on DB investment governance

Research aims to gain understanding of how DB governance is changing in practice

Professional Pensions
clock 08 May 2026 • 1 min read
Trustpilot