Friday, August 21, 2009
Annuity sales fall 7%
Sales of variable annuities fell by 7 per cent in the second quarter, according to research from WatsonWyatt.
However, second quarter sales matched those achieved in the final quarter of 2008, Watson Wyatt said... "There were a number of developments during the period including re-pricing exercises and product redesigns to allow for the increased costs of guarantees as well as the withdrawal of one of the leading product providers, the Hartford..."
FT Adviser: Annuity sales fall 7%
However, second quarter sales matched those achieved in the final quarter of 2008, Watson Wyatt said... "There were a number of developments during the period including re-pricing exercises and product redesigns to allow for the increased costs of guarantees as well as the withdrawal of one of the leading product providers, the Hartford..."
FT Adviser: Annuity sales fall 7%
Permalink posted by markw @ 4:45 AM 
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