Enhanced annuity sales fell by 29% in the first quarter of 2016 compared to the final three months of last year, signalling the sector is still 'in flux' following major pension reforms, a consultant has said.
Willis Towers Watson said the last three months of 2015 saw enhanced annuity sales reach £357.4m. However, quarterly premiums dropped by almost a third in the first quarter of this year to £254.2m. ...
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