ANNUITY and income drawdown purchases have reached a record high after a 32pc growth in the last quarter, new figures reveal.
Research by Bank of Scotland shows purchases totalling £3.7bn were made between the second and third quarters while the year-on-year growth rate was 57.5pc. The amount of pension savings rolled...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date