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

Majority of UK adults oblivious to pensions IHT change, research finds

Majority of UK adults oblivious to pensions IHT change, research finds

Standard Life research finds 89% have little or no awareness about upcoming IHT pension changes

Martin Richmond
clock 24 March 2026 • 3 min read
Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
News Digest: Capita exec Chris Clements on the civil service pensions crisis

News Digest: Capita exec Chris Clements on the civil service pensions crisis

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

Professional Pensions
clock 24 March 2026 • 1 min read
Trustpilot