Driving through annuity change

The concept of annuities dates back to Roman times but could see as much development in the next few years as they have in the previous two millennia. There are some fundamental factors driving dramatic changes in the retirement income market, the primary market for lifetime annuity sales in the UK. This is opening up new opportunities for financial advisers able to show they can add value to the annuity buying process. The first major factor is market growth, in large part due to the ‘baby boom' generation reaching retirement age. Next year the number of people reaching their 65th bi...