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
Yields on 30-year government gilts reach highest level since 1998
'Annuity sales could, and perhaps should, be higher'
Following a resurgence in annuity sales in the market
Why more retirees are considering fixed-term annuities
Annuity sales up 38.7% to 80,061 in 2023/24
Popularity of annuities returned as rates increased