Variable annuities have been available in the UK for little over two years and the signs are that they are growing in popularity.
Watson Wyatt have been tracking the market and their figures show that in 2008 pension related VA sales passed the £1billion mark. Early indications for 2009 suggest that this trend will continue, even despite the market volatility and dark recession that are the economic back-drop to the last twelve months. I believe that there are many reasons for this growth that have serendipitously occurred over the recent past and which have thrown the benefits of VA's into the spotlight. Firstly, the product providers have gone to great lengths to build awareness and profile for their products - wi...
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
