One in three annuities buyers do not shop around

Most unaware that health conditions can boost income

Jen Frost
clock • 2 min read
One in three annuities buyers do not shop around

Just Group (Just) analysis of the latest Financial Conduct Authority Financial Lives Survey data has demonstrated that a third (33%) of adults aged 50 plus who purchased an annuity in the last four years had not compared the products and prices of at least two providers.

More than one third (35%) of the same group bought their annuity from the same provider they used to save with, while a further 12% were unsure if they had done so. Given differing rates on offe...

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Jen Frost
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Jen Frost

Editor at Professional Adviser

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