Annuity deals hit £18bn in 2016
The total value of annuity deals was 30% higher in 2016 than at the previous market peak in 2014, Aon Hewitt's UK Risk Settlement Bulletin has revealed.
At least £9bn of bulk annuity deals were transacted last year, as welll as £9bn of back-book individual annuity transfers from Aegon to Rothesay Life and Legal & General. This is compared to roughly £13bn...
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