Halloween may be behind us but the undead are still abroad, it seems, as annuity sales have increased quarter on quarter for the first time since 2012.
Last week the Association of British Insurers (ABI) published detailed statistics on pension sales since the freedom reforms came into force, covering the period from April to September this year.
In the period from 1 July to 30 September, 22,380 annuities were sold, worth £1.17 billion. Since April £2.2 billion was invested into annuities, with an average pot size of £53,300…Read more at New Model Adviser