L&G annuity sales hit all-time high of £2bn in 2024

Following a resurgence in annuity sales in the market

Sahar Nazir
clock • 1 min read
L&G annuity sales hit all-time high of £2bn in 2024

Annuity sales at Legal & General Retail (L&G) hit an all-time high of £2bn so far this year following a further resurgence in annuity sales across the market.

The Association of British Insurers reported a 50% rise in sales in the first half of 2024, compared to the same period the year before. L&G sales are up 55% compared to the same week in 2023. F...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR and PSAG adopt AI to detect scam websites

TPR and PSAG adopt AI to detect scam websites

Pair have developed tool that uses machine learning technology and trained algorithms

Holly Roach
clock 09 April 2025 • 3 min read
Largest ten professional trustee firms now responsible for £1trn of scheme assets

Largest ten professional trustee firms now responsible for £1trn of scheme assets

Isio survey finds the estimated DB market share of these firms has increased to 43%

Holly Roach
clock 09 April 2025 • 2 min read
News Digest: US Treasuries sell-off deepens as 'safe haven' status challenged

News Digest: US Treasuries sell-off deepens as 'safe haven' status challenged

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 09 April 2025 • 1 min read
Trustpilot