UK sees growing demand for help bridging gap between end of work and start of pension

After falling out of fashion, annuities have become more popular with those planning their retirement. Photograph: Halfpoint/Getty Images/iStockphoto

Financial firms are reporting growing demand for a product that helps bridge the gap between stopping work and getting your pension.

Sales of retirement annuities have risen sharply during the last couple of years, and now advisers are seeing a fresh surge of interest in what they say is one of the market’s “lesser-known” options.