£130m annuity income lost as push to shop around fails

Pensions Policy Institute says £7,000 per £100,000 pension pot could have been gained

Hope William-Smith
clock • 2 min read
£130m annuity income lost as push to shop around fails

Industry prompts introduced in 2018 to encourage pension savers to shop around for the best annuity provider have fallen flat, the Pensions Policy Institute (PPI) says.

Findings from the institute published today (30 September) show there was £130m in "lost" annuity income during 2019 related to savers' lack of research. This was based on PPI calculations - sup...

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

News Digest: Public sector pension liabilities hit £5.8trn; AMP to pay £59m to settle class action over fees

News Digest: Public sector pension liabilities hit £5.8trn; AMP to pay £59m to settle class action over fees

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

Professional Pensions
clock 15 September 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

GSAM appointed by Shell to run OCIO pensions brief, LCP warns against Budget pensions tax relief raid, Utmost publishes half-year results

Professional Pensions
clock 12 September 2025 • 1 min read
Outlook 'less than rosy' as UK GDP flatlines in July

Outlook 'less than rosy' as UK GDP flatlines in July

Tough decisions ahead for the chancellor

Michael Nelson
clock 12 September 2025 • 2 min read
Trustpilot