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

Private markets not a policy lever but an investment programme to be governed

Private markets not a policy lever but an investment programme to be governed

PMI chair Ruston Smith says we must ‘get the plumbing right’ to ensure good outcomes

Holly Roach
clock 19 October 2026 • 1 min read
AMNT: Caring for members is at the heart of everything we do

AMNT: Caring for members is at the heart of everything we do

Maggie Rodger says all trust-based schemes should include at least one-third member representation, regardless of size or structure

Maggie Rodger
clock 19 October 2026 • 4 min read
News Digest: Record £12bn surplus in Strathclyde scheme slammed as 'utterly nuts'

News Digest: Record £12bn surplus in Strathclyde scheme slammed as 'utterly nuts'

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 19 October 2026 • 1 min read
Trustpilot