Sales of annuities in the first quarter of the year hit their highest recorded levels since 2014, figures from the Association of British Insurers (ABI) have shown.
The trade body's data revealed £1.19bn of annuities were sold in the first quarter of 2023, compared to £902m in the final quarter of 2022 and £839m in the first quarter of last year. It also found...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
