Pension annuity sales hit record as average pot exceeds £80,000
by Rupert Jones from World news | The Guardian on (#73JHE)
Rachel Reeves's inheritance tax changes encourage more people to invest in previously unloved product
The government's inheritance tax raid" on pensions has helped drive sales of retirement annuities to newhighs.
Industry data this week revealed they enjoyed a record-breaking" 2025, with sales growing by 4% to 7.4bn and the average amount invested in an annuity surpassing 80,000 for the first time.
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