Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.
Retailers and miners come under the spotlight as Investment Week counts down the ten scariest stocks of the year so far.
With the debate surrounding funding long term care in the run up to the last general election, few areas have been as topical or well publicized.
A healthy increase in enhanced annuity sales has been heralded as a sure sign of progress by the industry. Latest figures show Q2 sales were up 30% on last year and accounted for 17% of all annuities written