Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pension freedom bombshell

Jenna Brown
clock • 4 min read
Record-breaking year for annuities as larger pots drive £7.4bn sales

Annuity sales grew by 4% to £7.4bn in 2025, reaching their highest annual level since 20 4 when pension freedom was first announced.

Latest figures from the Association of British Insurers (ABI) said there had been an overall rise in value despite a dip in the number of annuities sold, which was down 2% year on year to 87,600. ...

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

Just Group to exit direct-to-consumer business following Brookfield acquisition

Just Group to exit direct-to-consumer business following Brookfield acquisition

PP understands the move could lead to redundancies across the business

Holly Roach
clock 24 April 2026 • 1 min read
HMRC repays £44.1m in overpaid pensions tax in Q1 2026

HMRC repays £44.1m in overpaid pensions tax in Q1 2026

Analysis shows total amount recouped by savers since 2015 is close to surpassing £1.6bn

Martin Richmond
clock 24 April 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government terminates Royal Mail scheme contract with Capita, Clara superfund deal, pensions bill continues ‘ping pong’ process

Professional Pensions
clock 24 April 2026 • 1 min read
Trustpilot