Sales of annuities surged more than a fifth during the first three months of the year to reach their highest level for eight years.

The Association for British Insurers (ABI) has called for a gradual increase to the minimum contribution rates under auto enrolment from 8% to 12%.

The Association of British Insurers has called for the Money Purchase Annual Allowance (MPAA) to be scrapped in the Budget.

Ben Wilson has been appointed director of advocacy at the Association of British Insurers (ABI).