LV= has seen 25% growth across its retirement business over the first half of 2012.
The provider has seen its annual premium equivalent increase (APE) to £66.67m, up from £53.4m (H1:2011). Annuity business increased by almost half (48%) with an APE of £36.0m - up from £24.3m (H1:2011.) John Perks, managing director of retirement solutions at LV= said this rise was down to enhanced and fixed term annuities. He also said: "increasingly with lower annuity rates, we're seeing more call for investment linked annuities. We re-launched our product earlier in the year so we're starting to get traction there." Pensions increased by 5% with APE £26.4m (H1 2011: £25.2m) -...
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