Prudential has seen a 46% fall in individual annuity sales during 2015 following the introduction of the April pension freedoms.
In its full year results for the year ended 31 December 2015 the insurance company saw annuity sales plummet from £106m in 2014 to £57m. Many insurers have suffered falls in their annuity busine...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
