Number 'shopping around' for annuities reaches record high

Just Group finds two-thirds of annuities purchased after customers shopped around for best rates

Jasmine Urquhart
clock • 1 min read
Number 'shopping around' for annuities reaches record high

The number of those “shopping around” for the best annuity rates has reached a record high, Just Group says.

The firm's analysis of Financial Conduct Authority (FCA) Retirement Income Market Data[JS1]  found two thirds (62%) of annuities this year (2024/25) were purchased after customers had shopped aroun...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

L&G becomes ABI member

L&G becomes ABI member

Firm becomes one of 300 members after working with the ABI on projects

Jasmine Urquhart
clock 30 January 2026 • 1 min read
Sir Richard Shirreff announced as keynote speaker at PP Live

Sir Richard Shirreff announced as keynote speaker at PP Live

PP’s flagship event takes place on 19 May in central London

Professional Pensions
clock 30 January 2026 • 1 min read
New DB surplus rules 'landing in the sweet spot'

New DB surplus rules 'landing in the sweet spot'

LCP survey finds strong support for changing surplus rules

Holly Roach
clock 30 January 2026 • 2 min read
Trustpilot