Monday, June 22, 2009
'08 Will Be Tough Act to Follow in Fixed Annuities
Banking companies will be hard-pressed to repeat a banner 2008 in terms of sales of fixed annuities.
Fixed annuities were popular late last year and early this year, but with interest rates falling and the markets in a fingers-crossed recovery, executives and analysts expect demand for these products to start tapering off.
At SunTrust Banks Inc., strong fixed annuity sales last year carried over into this year, said Alex Null, the senior vice president of mutual funds and annuities at SunTrust Investment Services Inc...
Bank Investment Consultant: '08 Will Be Tough Act to Follow in Fixed Annuities
Fixed annuities were popular late last year and early this year, but with interest rates falling and the markets in a fingers-crossed recovery, executives and analysts expect demand for these products to start tapering off.
At SunTrust Banks Inc., strong fixed annuity sales last year carried over into this year, said Alex Null, the senior vice president of mutual funds and annuities at SunTrust Investment Services Inc...
Bank Investment Consultant: '08 Will Be Tough Act to Follow in Fixed Annuities
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