Standard Life sees 66% fall in annuity sales but boosts to drawdown and auto-enrolment

Stephanie Baxter
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Standard Life's profits have fallen 15% in H1 2015 as it suffered a 66% reduction in annuity sales from last June as a result of the pension freedoms.

In its interim results published today the insurer reported that revenues from UK annuities decreased by 49% to £40m in the six months to 30 June compared to last year.  It expects annuity sales...

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