The best-worst annuity gap is 16% at age 75, higher than other age groups
Analysis of FCA product data showed drop in last five years
Analysis finds gap could leave retirees potentially £500 a year worse off
‘More good news for the Treasury’ as April nets £0.6bn
Receipts for April 2022 to March 2023 reach £7.1bn
Running total for 2022/23 now £6.4bn, surpassing last year’s final figure
Office for Budget Responsibility predicts IHT receipts will grow
Chancellor increased AA to £60,000 in Spring Budget speech
£27,000 extra needed to achieve PLSA ‘moderate’ level of income
Completed its largest DB de-risking transaction to date in July