Larger pension pots drive record 2025 for individual annuity premiums: ABI
Data from the Association of British Insurers (ABI) shows that larger pension pools will help drive total premiums paid out on personal annuities to rise by 4% in 2025 to £7.4bn, the highest annual level since pension freedoms were introduced in 2014. Although there was a slight decline in the number of annuities sold, which…