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 Force | Number of Sales | Total Premium Account (£) |
|---|---|---|
| 2023 | 985 | 105,597,842 |
| 2024 | 578 | 114,858,473 |
| 2025 | 449 | 78,045,529 |
Table 2 - Advised sales
| Year of Date in Force | Number of Sales | Total Premium Account (£) |
|---|---|---|
| 2023 | 974 | 271,490,294 |
| 2024 | 507 | 210,542,975 |
| 2025 | 666 | 263,256,628 |
Table 3 Grand Total (both advised and non-advised)
| Year of Date in Force | Number of Sales | Total Premium Account (£) |
|---|---|---|
| 2023 | 1959 | 377,088,136 |
| 2024 | 1085 | 325,401,448 |
| 2025 | 1115 | 341,302,157 |