The number of annuities bought rose by a third to 72,200 as interest rate hikes Sales of annuities in 2023 hit their highest levels since the introduction of pension freedoms in 2014, research from the Association of British Insurers (ABI) has found.
ABI found sales were £1.5 billion in the last quarter of the year, after a strong third quarter when sales were £1.4 billion.
The number of annuities bought rose by a third to 72,200 as interest rate hikes led to providers offering much better deals.Annuities provide a guaranteed income until you die.But they were shunned for years due to […]
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