Monday, November 16, 2009

 

Fidelity teams up with MetLife for annuity sales

* Follows fears of unstable stock portfolios
* Fidelity had suspended sales of own annuity in March
* MetLife bucks trend of falling variable annuity sales

Fidelity Investments and MetLife (MET.N) said on Monday they will team up to sell variable annuities, a notable joint venture at a time when the funds industry and insurers are looking to capitalize on jitters about the stability of retirement savings...

Reuters: Fidelity teams up with MetLife for annuity sales

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