Enhanced annuities - at a turning point?

Quarterly sales of enhanced annuities achieved a significant landmark in 2012, surpassing £1bn for the first time. Yet, there are good reasons to think a market that has expanded at close to 30% a year for the past five years has plenty of headroom for further growth. Towers Watson summed up where the annuity market is heading in 2013 and beyond, pointing out "the use of individualised underwriting based on health and lifestyle related factors may gain further traction as retirees strive to make the most of whatever pension savings they do have". One could argue the growth of personal...