Chancellor increased AA to £60,000 in Spring Budget speech
Assets under management at the provider now top £40bn
Disclosure of health conditions can lead to 'significantly' improved income
Figures for April 2022 to January 2023 released by HMRC
Annuities are looking increasingly attractive for clients
Recent shift to annuities could hit advice business status quo
Changes are set to affect many clients in the coming years
People ‘tend to like the idea of a guaranteed income’
Govt netted £5.3bn between April and December 2022
The increase will be effective immediately on rates from today