Annuities

Firms must signpost consumers to MoneyHelper’s annuities comparison tool

'This is an industry systematically delivering poor outcomes'

Most unaware that health conditions can boost income

‘The challenges facing today’s retirees are intensifying’

A ‘lack of competition in the market’

Applications could take 14 fewer days to process

New business sales of annuities up 48%

Annuity rates see 70% increase compared to four years ago

But interest rate cuts coincide with quote volume dip in Q3 and Q4

More joint life and inflation-linked policies purchased