Annuity usage back on the decline despite 2023 hot market

Retirees using annuities has dropped from 19% last year to 17% this year

Isabel Baxter
clock • 1 min read
Annuity usage back on the decline despite 2023 hot market

The proportion of retired UK adults using annuities has dropped in the last year, Interactive Investor’s Great British Retirement Survey 2023 has revealed.

Even though rates have increased and sales are rising nationally, the survey revealed that the proportion of retired respondents using annuities dropped from 19% last year to 17% this year. By c...

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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Industry

TISA and industry urge government to rethink IHT on pensions

TISA and industry urge government to rethink IHT on pensions

Research proposes simpler alternatives

Isabel Baxter
clock 15 July 2025 • 5 min read
News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

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

Professional Pensions
clock 15 July 2025 • 1 min read
Buzz: Do you support the commitments in the Employer Pension Pledge?

Buzz: Do you support the commitments in the Employer Pension Pledge?

Employer Pension Pledge, scheme investment mandation and pensions adequacy

Professional Pensions
clock 14 July 2025 • 1 min read
Trustpilot