UK - Bulk annuity sales could hit £3bn (US$4.9bn) this year after pension funds purchased more than £2.4bn during the first three quarters of 2009, Mercer said.
The consultant said this was higher than the long-term trend of around £1bn a year, but very far from the high levels of 2008 when sales were around £8bn. Mercer principal David Ellis said: "Tak...
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