UK sees growing demand for help bridging gap between end of work and start of pension

The UK is seeing a growing demand for fixed-term annuities, a type of financial product that provides income for a set period and a lump sum at the end. This product helps bridge the gap between the end of work and the start of a pension, which can be a challenging time for people to manage their finances. As a result, sales of retirement annuities have risen sharply over the past couple of years, and financial firms are now reporting a fresh surge of interest in this option.

Why it matters

UK financial firms are seeing increased demand for fixed-term annuities, which provide a steady income for a set period. This growing demand could lead to increased sales and revenue for annuity providers.

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