L&G and HSBC UK partner to enhance customer access to annuities
Customers can now go through the HSBC UK website to access the L&G annuity service and apply for an annuity directly with L&G.
Annuity payback period falls to 13 years as rates hit 7.65% – Standard Life
The average annuity rate in September 2025 reached 7.65%, up from 6.98% in September 2024.
Majority of adults prioritise certainty in retirement income, finds LV=
Flexibility was important for 31% and growth for 27%, but stability came out on top.
Record numbers shop around for best annuity rates as open market purchases hit 62% – Just Group
In 2024/25, 62% of annuities were bought on the open market, up from 59% last year and 53% in 2022/23.
Broadstone expands life insurance services with ExactVAL acquisition
Bill Harris said: “Broadstone’s growth ambitions and high-quality offering in the insurance sector make this an exciting opportunity for ExactVAL."
One in three over-50s miss out on best annuity rates – Just Group
35% of adults aged over 50 bought their annuity from the same provider they used to save with, while 12% were unsure if they had done so.
Increasing annuity rates a good chance to ‘lock in’ competitive retirement income – Just Group
Returns available to pension savers on Guaranteed Income for Life solutions have set new highs throughout early 2025, figures from Just Group revealed.
iPipeline launches ‘E-apply’ for online annuity applications
The digital application is intended to help advisers move away from manual, paper-based systems.
Annuities understanding rises by 25% among over-50s, misconceptions remain – Standard Life
Research revealed that the number of people correctly identifying that lifetime annuities provide a guaranteed income for life rose from 39% in 2023 to 49%.
Scottish Friendly expands with £2.16bn acquisition from Fidelity International
This move adds £2.16bn to their assets under management, now totalling over £6.3bn.
IFAs adjust pension planning strategies post-Autumn Budget – Standard Life
Two thirds (69%) of IFAs have advised clients to increase their retirement income withdrawals.
LV= enhances Fixed Term Annuity offering with new benefits
All new Fixed Term Annuity customers will be eligible for a mutual bonus award after the first 12 months.
