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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR updates DB covenant guidance

TPR updates DB covenant guidance

Guidance for DB trustees is aligned with regulator’s funding code

Holly Roach
clock 04 December 2024 • 7 min read
UK Pensions Awards 2025: Two days left to register!

UK Pensions Awards 2025: Two days left to register!

Next year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 04 December 2024 • 5 min read
L&G annuity sales hit all-time high of £2bn in 2024

L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock 03 December 2024 • 1 min read
Trustpilot