Annuity sales soar to £7bn

More joint life and inflation-linked policies purchased

Jenna Brown
clock • 3 min read
Annuity sales soar to £7bn

Total annuity sales reached £7bn in 2024, an increase of 34% year-on-year, according to latest data from the Association of British Insurers (ABI).

Some 89,600 annuity contracts were written in 2024 surpassing last year's total and reaching a new ten-year high, the body said. The ABI's data also showed more annuity purchases occurred after ...

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Jenna Brown
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Jenna Brown

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