![Annuity sales reach post pension freedoms high in 2023](https://image.chitra.live/api/v1/wps/f3c0097/3791e0cc-1c40-47e8-a5a0-47ed248a3e92/2/Value-increase-rise-GBP-iStock-699134862-679x419.jpg)
Sales of annuities in 2023 hit their highest levels since the introduction of pension freedoms in 2014, research from the Association of British Insurers (ABI) has found.
The trade body's data revealed annuity sales totalled £5.2bn, a 46% increase on 2022's figures. It also showed the number of annuity contracts sold increased to 72,200, a 34% increase, representing...
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