There was a 69% increase in the number of comparisons for annuities quotes by advisers in the last quarter of 2022, as compared to Q1 2021, data from iPipeline revealed.
This increase refers to the number of scenarios for annuities comparisons run by brokers via the iPipeline portal, which highlights a growing interest in annuities due to improved rates against the backdrop of increased living costs. Additionally, the third quarter of last year saw the number of comparisons jump by 50% as compared to Q3 2021, according to data from iPipeline. iPipeline Product Strategy Director Paul Yates said: "The steady increase in interest rates has now started to translate into an uptick in clients being quoted for annuities by advisers. Our Annuity portal, which...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
