Annuities

'This is an industry systematically delivering poor outcomes'

Most unaware that health conditions can boost income

‘The challenges facing today’s retirees are intensifying’

A ‘lack of competition in the market’

Applications could take 14 fewer days to process

New business sales of annuities up 48%

Annuity rates see 70% increase compared to four years ago

But interest rate cuts coincide with quote volume dip in Q3 and Q4

More joint life and inflation-linked policies purchased

Dramatic spike in government borrowing costs