Comparisons for annuities quotes grow by 69% in Q4 2022

Increased number of scenarios for quotes run by brokers

Ayesha Venkataraman
clock • 3 min read

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

  • 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.



Already a Professional Adviser member?


More on Income

Craven Street Wealth acquires Bernard Barrett Associates

Craven Street Wealth acquires Bernard Barrett Associates

Deal with £1.25bn comes after last year’s acquisition of Tarvos Wealth

Alex Sebastian
clock 03 March 2023 • 1 min read
Better annuity awareness needed, Canada Life says

Better annuity awareness needed, Canada Life says

Disclosure of health conditions can lead to 'significantly' improved income

Jasmine Urquhart
clock 02 March 2023 • 1 min read
7IM managing director of intermediary Verona Kenny

7IM launches Retirement Income Solution

RIS takes ‘bucketing approach’ to client assets across different time horizons

Jenna Brown
clock 24 February 2023 • 3 min read