The difficulties experienced in the individual annuity market have been dwarfed by the demand in the corporate world. Stephen Lowe takes a closer look.
How's life in the annuity market? The obvious answer is that sales have been hit by George Osborne's declaration that "no one will have to buy an annuity in future". But just as truthfully you could say demand for annuities this year smashed all previous records. That's because there are two key annuity markets. While sales of annuities to individuals are lower, corporate annuity sales are higher than ever before. This year will be the first that buy-in/buyout sales outstrip sales to individuals. How is it that annuities can be both shunned and sought after at the same time? It's the ...
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