Annuities

House of Lords written question – answered on 6th May 2014.

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Photo of Lord Lea of Crondall Lord Lea of Crondall Labour

To ask Her Majesty’s Government what was the average number of annuities purchased in each of the last five years for which data are available.

Photo of Lord Newby Lord Newby Lords Spokesperson (HM Treasury) (Whip), Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)

There is no requirement for individuals to report the purchase of an annuity and the Government do not collect data on the number or purchase value of annuities. Industry data is collected and published by the Association of British Insurers and may be found on their website https://www.abi.org. uk/Insurance-and-savings/Industry-data/

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