Annuity sales have fallen by 16 per cent in the last six months, the Financial Conduct Authority said (Source: Getty) Britain’s annuity market is facing extinction, experts have warned, as official figures released today revealed a huge drop off in sales.
Two and a half years since chancellor George Osborne released the pension shackles , the number of people accessing lump sum continues to rise, according to six-month data published by the Financial Conduct Authority (FCA).
The number of pension pots accessed for the first time rose by nine per cent and new drawdown arrangements increased by four per cent.Meanwhile, annuity […]
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