Annuity sales up 38.7% to 80,061 in 2023/24

About 30% of savers took regulated advice before accessing their pot

Popularity of annuities returned as rates increased

Comes after chair Ashley Alder failed to follow existing procedure

West Sussex-based business operating at ‘highest levels of professionalism’

LISA reform needed: ‘It is a worst of both worlds’

Buys IF Wealth and Powell Financial Planning

Largest deal to date for Paul Feeney-led Chartered financial planner

Thematic Review of Retirement Income Advice released in March

Consumer Duty has led platforms to improve fee communication