Subdued annuity sales rebound 10% in Sept - research

The firm's latest At Retirement Report analysed data from more than 150,000 advised sales and found demand for single life annuity products was up just over 10% in September compared to August. It said while demand remains subdued following the Budget changes announced in March sales have increased 14% since the market's trough in June. However, overall sales remain down just over 47% on an annual basis. Average retirement incomes have also climbed, the analysis found. Data showed the average single life annuity secured an income of £3,810 per year in September, up by 4.6% compared to...