Information on sales of purchased life annuities in the UK - April 2026


Reference Case Number: FOI2026/00607

Freedom of Information: Right to know request:

We would like to get information on the sales of Purchased Life Annuities in the UK. We understand that these policies are classified under the FCA as Life Annuities and that any data we acquire may include sales of other types of life annuities.

We'd like the data to cover a three year period, from 2023-2025 inclusive. It would be useful to have separate data sets for each year, or at least the option to filter the data based on year.
 
The data we're requesting should include:
• Volumes of life annuity sales per year
• Values of life annuity sales (total or average) per year
• Advised vs non advised sales per year

FCA response:

Table 1 – Non advised sales

Year of Date in ForceNumber of SalesTotal Premium Account (£)
2023985105,597,842
2024578114,858,473
202544978,045,529

Table 2 - Advised sales

Year of Date in ForceNumber of SalesTotal Premium Account (£)
2023974271,490,294
2024507210,542,975
2025666263,256,628

Table 3 Grand Total (both advised and non-advised)

Year of Date in ForceNumber of SalesTotal Premium Account (£)
20231959377,088,136
20241085325,401,448
20251115341,302,157