Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.
Partnership chief executive Steve Groves has forecast that the new pension freedoms will eventually be curtailed.
The Budget pension reforms led to about £15m of annuity sales at Legal and General being cancelled, the company reported today.
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