Annuities are seeing a revival, says ABI
More annuities sold than drawdown in Q4
Annuities are beginning to see a revival, as retirees shun drawdown and cash withdrawals for a guaranteed income, latest figures from the Association of British Insurers (ABI) have shown.
Data from the ABI, covering the sales of its insurer members, showed the 'rush to cash' in pension pots following the government's pension freedom reforms settled down over the year, with annuity sales...
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