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

Following a resurgence in annuity sales in the market

Sahar Nazir
clock • 1 min read
L&G annuity sales hit all-time high of £2bn in 2024

Annuity sales at Legal & General Retail (L&G) hit an all-time high of £2bn so far this year following a further resurgence in annuity sales across the market.

The Association of British Insurers reported a 50% rise in sales in the first half of 2024, compared to the same period the year before. L&G sales are up 55% compared to the same week in 2023. F...

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

More on Industry

SPP publishes Pension Schemes Bill call for evidence response

SPP publishes Pension Schemes Bill call for evidence response

SPP reiterates opposition to proposed mandation powers for scheme investment

Martin Richmond
clock 22 August 2025 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Reeves eyes £2bn raid on tax-free pension lump sum, areas for Budget pension reform, BPA market expectations

Professional Pensions
clock 22 August 2025 • 1 min read
Good News Corner: PP staff walk 30km for charity

Good News Corner: PP staff walk 30km for charity

PP team walked 30km around London to raise money for Incisive Media foundation charities

Professional Pensions
clock 22 August 2025 • 1 min read
Trustpilot