Annuities

Demand for annuities climbed 10.5% in September despite tumbling rates, analysis from IRESS has found.

Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.

PP research finds little support for Steve Webb's latest idea

Steve Webb speaks to PP about his plans for more changes

We want your views on Steve Webb's latest plans to reform the annuity market.

Pensions minister Steve Webb has put annuity reform at the top of his wish list should he remain in post after the election.

The UK should not be scared of giving freedom and choice to people in their pensions, according to Association of Superannuation Funds of Australia chief executive officer Pauline Vamos.

The government is the biggest rival annuity providers face in delivering retirement income products to consumers, according to Barnett Waddingham.

There has been a 55% increase in drawdown sales since the Chancellor announced the liberalisation of the retirement process in March, according to the Association of British Insurers (ABI).

LV= has reported a 36% profit drop in its life and pensions business as a result of lower margins since changes to the annuity market were announced in the Budget.