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FCA: More than twice as many retirement pots moved into drawdown than annuities

Two-thirds of drawdown customers seek advice

FCA: More than twice as many retirement pots moved into drawdown than annuities
  • Hannah Godfrey
  • Hannah Godfrey
  • @Hannah_Godfrey
  • 08 September 2017
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The number of annuities purchased fell by more than a fifth while the drawdown market grew 4% in the six months to March, latest data from the Financial Conduct Authority (FCA) has shown.

The FCA's latest data bulletin out on Friday showed the number of annuities purchased fell 21% in the six months between October 2016 and March 2017, while the drawdown market continued to grow. This...

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