PPI calls for more annuity market data

The Pensions Policy Institute (PPI) has called for more data concerning the annuities market so that the industry can assess how people can use a guaranteed income to optimise their retirement income.

Its Briefing Note 130: Set for life? – Guaranteed incomes in retirement found that the data around the purchase of annuity was lacking in several areas and more would be needed on the effects of gender, ethnicity, family and housing to determine people’s attitudes and behaviours towards the retirement product.

The report stated that whilst there had been a rise in the number of people purchasing annuities in later […]

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