Annuities

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

Dramatic spike in government borrowing costs

'Annuity sales could, and perhaps should, be higher'

Following a resurgence in annuity sales in the market

Why more retirees are considering fixed-term annuities