Annuities: Sales drop as fewer people shop around for the best rate

Annuity Sales drop as fewer people shop around for the best rateNew research has shown a huge drop in the number of Annuities being bought since the changes to pensions were announced in the Budget earlier this year. Amongst an array of sometimes confusing statistics, the data, produced by the Association of British Insurers (ABI), shows: Sales of Annuities have fallen by over a third between the first and second quarters of 2014 In the second quarter of 2013 89,896 Annuities were sold In the same period during 2014 this dropped to 46,368 There were ...