Shopping around failure revealed as £130m annuity income 'lost' in 2019

Pensions Policy Institute says £7,000 per £100,000 pension pot could have been gained

Hope William-Smith
clock • 2 min read
£130m annuity income 'lost' as push to shop around fails
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£130m annuity income 'lost' as push to shop around fails

Industry prompts introduced in 2018 to encourage pension savers to shop around for the best annuity provider have fallen flat, the Pensions Policy Institute (PPI) says.

Findings from the institute published today (30 September) show there was £130m in "lost" annuity income during 2019 related to savers' lack of research. This was based on PPI calculations - supported...

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