Purchases of value protected annuities have increased 38% year-on-year, according to the FCA’s latest retirement income market data.

Pension savers withdrew more than £91bn from their retirement pots in 2025/26, according to the FCA’s latest Retirement Income Market Data.

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

The Financial Vulnerability Taskforce has called on the independent Commission on Adult Social Care to investigate how immediate needs annuities could help fund later-life care.

Annuity rates have reached an 18-year high of 7.75%, according to the Standard Life Annuity Rate Tracker.

Today’s competitive annuity rates mean the payback period is now 14 years on a benchmark £100,000 annuity purchased by a 65-year-old, generating an income of £7,373 a year.

Total sales growth at Canada Life UK in 2025 climbed 17% to £5.2bn, the firm revealed in annual results published today.

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).

Sales of escalating Guaranteed Income for Life annuities that have some inflation protection, accounted for a fifth of all sales in 2024/25 and have increased by 17% year-on-year.

Aviva, L&G and Standard Life have pledged their support to the first national Annuity Day, due to take place on 21 October.

There’s been a 10% growth in annuities quotes this year, according to pensions technology provider iPipeline.

The FCA’s Targeted Support proposals ‘could be detrimental to consumers’, according to The Society of Pension Professionals.

The average value of an annuity has soared 160% since 2021, according to newly-published client data from investment provider Hargreaves Lansdown.

A new study has found that 35% of financial advisers are using smoothed funds for new client money despite concerns about their cost and transparency.

Annuity rates have reached 7.72% for a healthy 65-year-old, up 64% since July 2020 when rates stood at just 4.71%.

More Generation Z workers aged 18-24 claim to be knowledgeable about pensions than other generations, but new research reveals they have little understanding of retirement savings.

Financial advisers are turning away from pension wrappers and instead utilising pension gifting, annuities and onshore bonds as they prepare for the upcoming changes to inheritance tax, according to a new report.

Almost half, 48%, of over-50s are unfamiliar with what lifetime annuities are and how they compare to other annuity products.

L&G has launched a digital application process for annuities which it says will save Financial Planners and advisers up to 14 days on each intermediated/advised application.

One in eight people intending to purchase an annuity would not consider switching from their existing pension provider to another supplier, even if they could potentially gain additional retirement income.