As the populous baby boomer generation starts to reach retirement age, the annuity market is starting to see the effects. There is a huge opportunity for advisers who choose to get involved with this growing market, some of the factors that are driving this growth include:
- 750,000 people will reach state pension age in 2012
- The number of people aged 60+ is set to reach 14.6 million by 2013
- The annuity market has nearly doubled since 2005
- In 2010, premiums in the annuity market were over £11 billion and over 430,000 contracts were sold
As a specialist provider of retirement products and services, Just Retirement is dedicated to helping advisers make the most of the continued growth in the market and we have provided a range of resources to help you take advantage of these increasingly attractive opportunities for retirement business.
Links to some of these can be found below.
Useful LinksEnhanced and impaired case studies
Annuity basics
The Campaign for Better Annuities
Can you afford to advise on annuities? Use the annuity profitability calculator to find out