The average annual annuity income has risen by £106 since March, according to personal finance data firm Moneyfacts.

The total value of premiums paid into individual pension annuities grew 4% to £7.4bn in 2025, according to the latest data from the Association of British Insurers (ABI).

Health insurers processed a record £4bn in individual and workplace private medical insurance claims in 2024, a year on year rise of 13% (2023: £3.57bn).

The Financial Conduct Authority is to focus on "proportionate regulation" under its new 5-year strategy, its chief operating officer told ABI conference delegates this week.

Andy Briggs, CEO of Phoenix Group, has become the new president for the Association of British Insurers (ABI) with immediate effect and will hold the role for the next two years. 

Sales of pension annuity contracts jumped 24% in 2024 to 89,600, according to new data from the Association of British Insurers (ABI).