Enhanced annuity sales exceed £4bn

Figures from Towers Watson show second half sales in 2012 hit £2.49bn. Sales in October to December also reached a "quarterly record" at £1.32bn. Sales of annuities which provide higher incomes for those with medical conditions or negative lifestyle factors have increased year-on-year. In 2010 total enhanced annuity sales reached £2,4bn and £3,01nn in 2011. Mike Williams, a leader in the insurance management consultancy team at Towers Watson, said: "2012 sales approaching £4.5bn is yet another landmark in the enhanced annuity market. Over 85,000 consumers benefited from higher pens...