Lord Lea of Crondall – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Lea of Crondall on 2014-04-01.

To ask Her Majesty’s Government what percentage of annuities purchased over the last five years for which data are available were worth (1) between £500 and £2,000 per annum, (2) between £2,001 and £5,000 per annum, (3) between £5,001 and £10,000 per annum, and (4) between £10,000 and £20,000 per annum, in value at the point of purchase.

Lord Newby

There is no requirement for individuals to report the purchase of an annuity and the Government does 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/