One million pre-retirees considering annuities

Legal & General says number considering annuities for the first time has doubled

Jasmine Urquhart
clock • 2 min read
One million pre-retirees considering annuities

Nearly one million (990,000) pre-retirees are considering annuities for the first time, analysis by Legal & General (L&G) Retail has found.

The consultancy's analysis of 2,000 UK pre-retirees - those in work aged 55 and over - in November last year found 16% are considering annuities due to improved rates against the backdrop of increa...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

M&G launches campaign to help savers see how pensions are working for them

M&G launches campaign to help savers see how pensions are working for them

PruFunded campaign will use real-world examples to show how savings can support businesses

Holly Roach
clock 07 July 2026 • 1 min read
Nest publishes 2026 pay gap report

Nest publishes 2026 pay gap report

Report shows reductions in master trust’s gender and ethnicity pay gaps

Martin Richmond
clock 07 July 2026 • 3 min read
News Digest: Growing debate over use of scheme surpluses; Capita's rush to hit CSPS deadline risking errors

News Digest: Growing debate over use of scheme surpluses; Capita's rush to hit CSPS deadline risking errors

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

Professional Pensions
clock 07 July 2026 • 1 min read
Trustpilot