Enhanced annuity sales set to rocket in 2009

clock •

Enhanced annuity sales have continued to grow in early 2009, and further expansion is expected, says Watson Wyatt.

While the growing availability of these products is good for consumers, Watson Wyatt says advisers and providers will have to work hard to keep up with developments. Total enhanced annuity sales in the first quarter of 2009 hit £443m, up 9.3% compared with the final quarter of 2008. Watson Wyatt predicts full year sales will hit £1.8bn in 2009, a rise of 28% compared with total sales of £1.44bn last year. Enhanced annuities now account for around a quarter of all open market annuity sales in the UK, with market share expected to increase as consumers become increasingly aware of their...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Professional Adviser named Retail & Wholesale Publication of the Year

Professional Adviser named Retail & Wholesale Publication of the Year

Aviva Investors Sustainability Media Awards

Professional Adviser
clock 09 November 2026 • 1 min read
PA Awards 2027: Last chance - entries close at midnight tonight

PA Awards 2027: Last chance - entries close at midnight tonight

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 18 September 2026 • 1 min read
Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Hear from Aberdeen, Aviva Investors, Clever, Downing, Fidelity, Quilter Cheviot, Rathbones

Professional Adviser
clock 08 September 2026 • 1 min read