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Microsoft notes that UK customers with annuity volume licensing agreements for products that are subject to price protection will not face the price hikes during the term of their agreement.
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Tom McPhail, head of pensions research at investment firm Hargreaves Lansdown, said the regulator would be looking not just at the pricing differences between annuity providers, but also the volumes of business they were receiving.
Elsewhere Just Retirement said sales volumes of its annuity products for individuals were running at half the level they were at before the March budget scrapped the need for pensioners to buy them.
Over the next years, the ageing profile of the UK population will lead to a sharp increase in the volumes of pension annuity sales.
This would identify if a provider that was ranked low in the annuity pricing tables was profiting from high volumes of business.
Windows volume licensing revenue increased by 3%, with annuity revenue growth partially offset by declining transactional revenue.
Annuity businesses will need to adjust to an environment where volumes of new business could be considerably lower than previously expected".
Local bigwigs chipped in to buy him an annuity; Prince Leopold, son-in-law of the Regent, subscribed to his next volume.
They pick the annuity".
Every annuity is different.
Annuity sales have collapsed.
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