Wednesday, August 12, 2009
Banks Reap Record Annuity Income
Bank holding companies (BHCs) earned a record $734.5 million in commissions and fees from annuity sales in the first quarter of 2009, a 12.4% increase from $653.3 million in first quarter 2008, according to the Michael White-ABIA Bank Annuity Fee Income Report released in late July. First-quarter annuity commissions were also 12.1% greater than the $655.2 million earned in fourth quarter 2008.
Banks Reap Record Annuity Income
Source: Retirement Income Journal
Banks Reap Record Annuity Income
Source: Retirement Income Journal
Permalink posted by armandn @ 10:04 AM 
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