All the updated news related to annuities

All the news related to annuities updated in real time

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City

Legal & General reassures investors on financial health after mini-budget impact

Insurance giant Legal & General has sought to reassure investors over its financial strength after suffering hefty share falls amid the mini-budget market turmoil that left some pension funds across the industry on the brink of collapse. The group ...

04 Oct 2022 at 13:03

Personal Finance

Privately educated adults ‘more likely to have learned about pensions at school’

People who attended a private school are more likely to say they learned about pensions at school (20%) than those who were state-educated (6%), a survey has indicated. More than two-fifths (42%) of privately educated 35 to 44-year-olds said they ...

29 Jan 2024 at 02:04

Personal Finance

Post-pension freedoms record for annuity sales set last year, says ABI

Sales of retirement annuities reached a post-pension freedoms high last year, according to the Association of British Insurers (ABI). Annuity sales soared in 2023 with a total sales value of £5.2 billion, a 46% increase compared with 2022, the ...

16 Feb 2024 at 16:16

Personal Finance

Annuity rates jump to highest level since 2009

Annuity rates have hit their highest level since 2009 in a boost for people looking for a fixed income in retirement. When people retire, they can choose to buy an annuity which gives them a guaranteed level of income, often for the rest of ...

10 Oct 2022 at 13:25

Pension scammers could use market volatility to strike, warns regulator

Pension scammers could seize upon the current market volatility as an opportunity to strike, the Pensions Regulator (TPR) has warned. The body, which regulates work-based pension schemes in the UK, set out actions that pension scheme ...

12 Oct 2022 at 16:01

Personal Finance

Annuity sales jump amid improved rates ‘as pension savers rush for security’

Sales of retirement annuities jumped by more than a third between 2022/23 and 2023/24, according to figures from the City regulator. Annuities sales increased by 38.7%, from 59,163 in 2022/23 to 82,061 in 2023/24, the Financial ...

26 Sept 2024 at 12:46

City

Pension schemes in ‘robust position’ to deal with market fluctuations

Pension schemes are in a “robust position” to deal with market fluctuations, an industry body has said. The pound fell to a fresh 14-month low on Monday, while UK government bonds, also known as gilts, continued to see 10-year ...

13 Jan 2025 at 14:16

Personal Finance

Only 28% of Generation X age group set to meet retirement savings goals – survey

Middle-aged people in the Generation X age group are the least likely to feel their savings are on track to give them a comfortable retirement, a survey indicates. Fewer than three in 10 (28%) people in the Generation X age ...

25 Feb 2025 at 13:24

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