Legal & General Retail has reported its annuity sales have reached an all-time high of £2bn so far this year amid industry figures revealing annuity sales jumped 50% year on year in the first half.
Average annuity rates for a healthy 65-year-old have increased by around 2.5% since January, according to the latest Standard Life Annuity Rate Tracker.
Industry collaboration fintech Origo has signed up 10 annuity providers to its recently launched Origo Annuity Transfer Tracking service.
Mutual pensions firm and life insurer Royal London has today confirmed its entry into the bulk purchase annuity (BPA) market.
There's an urgent need for better at-retirement support, according to former pensions minister Steve Webb, who has called on the FCA to speed up its advice/guidance review.
There was a record high in demand for annuities from advisers in the first half of the year, according to figures published today by pensions technology provider iPipeline.
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