Income

Firms must signpost consumers to MoneyHelper’s annuities comparison tool

'This is an industry systematically delivering poor outcomes'

‘The challenges facing today’s retirees are intensifying’

Applications could take 14 fewer days to process

Fixed term of between five and 15 years on £10,000 minimum lump sum

New business sales of annuities up 48%

Annuity rates see 70% increase compared to four years ago

But interest rate cuts coincide with quote volume dip in Q3 and Q4

More joint life and inflation-linked policies purchased

Dramatic spike in government borrowing costs