Friday, May 29, 2009
Variable Annuity Assets Decline on Slump in Equities
Assets in U.S. variable annuities declined 5.4 percent in the three months ended March 31 as stock markets plunged and savers scaled back purchases.
Total assets were $1.07 trillion at the end of the first quarter compared with $1.13 trillion on Dec. 31, said NAVA Inc., a trade group for companies that sell the retirement products, in an e-mailed statement today...
Bloomberg: Variable Annuity Assets Decline on Slump in Equities
Total assets were $1.07 trillion at the end of the first quarter compared with $1.13 trillion on Dec. 31, said NAVA Inc., a trade group for companies that sell the retirement products, in an e-mailed statement today...
Bloomberg: Variable Annuity Assets Decline on Slump in Equities
Permalink posted by markw @ 9:42 AM 
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