L&G Launches Annuity Checklist as UK Market Hits £7.4bn
40 pts · Notable·The Fintech Times·1d ago · Jul 28, 13:00 UTC·1 min read
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Legal & General has introduced a downloadable annuity checklist aimed at individuals over 55. This launch coincides with the announcement of individual annuity premiums in the UK hitting £7.4 billion, the highest level since 2014, according to data from the Association of British Insurers (ABI).
Key takeaways
- ▸Legal & General is targeting the over-55 demographic with a new annuity guide.
- ▸UK individual annuity premiums have reached £7.4 billion, the highest since 2014.
- ▸The launch reflects growing interest in annuity products among older consumers.
Why this matters
The launch of this checklist comes at a time when more individuals are considering their retirement options, signaling a potential shift in how financial products are marketed. As the market for annuities grows, increased competition may lead to better offerings for consumers, while also highlighting the importance of accessible information for complex financial products.
Entities
Companies: Legal & General
Products: annuity checklist
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