News Column

Warning over dip in market

May 8, 2014

LEGAL & General has said it expects the individual annuity market to contract by around 50% this year and by a further half in 2015 after the Budget gave people more freedom over how they use their retirement savings.

The company remains on track to exceed the pound(s)4.1 billion in annuity premiums it wrote in 2013.

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Source: Herald, The (Scotland)

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