The Insured Retirement Institute (IRI) is reporting 17% growth in first-quarter annuity sales. U.S. individual annuity sales increased to $58 billion during the quarter, from $50 billion during the first quarter of 2010, acording to the IRI, Washington. The IRI gets variable annuity sales data from Morningstar Inc., Chicago, and fixed annuity sales data from Beacon Research Publications Inc., Evanston, Ill. Variable annuity sales increased 23%, to $39 billion, and fixed annuity sales increased 6%, to $19 billion. Fixed annuity sales improved partly because one carrier sold more fixed annuities through banks, according to Beacon President Jeremy Alexander. LIMRA, Windsor, Conn., earlier said it believes annuity sales increased 16% during the first quarter, to $60 billion.
If you have a little money, maybe you can use it to reach clients with big money.
Samuel Descovich will lead products and solutions in the Americas and work on expanding the ESG lineup.
Almost half of investors surveyed increased factor allocations in the past year.
Sponsored by Voya Financial Advisors
How to provide clients with a balanced approach as you help them manage their finances.
Sponsored by T. Rowe Price Investment Services, Inc.
Get insights on how changes to the high yield bond market can create new opportunities for you and your clients.
Sponsored by LPL Financial
Get an in-depth look at how you can lock in future value through proven tactics that will grow your bottom line.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.