Submitted by tom on
An article in Bloomberg discusses the strong revenue results recently reported by many variable annuity providers.
This was somewhat of a feature article in Bloomberg's personal finance section.
It is an important and worthwhile read for anyone in the retirement income industry.
Surging demand for guaranteed income products is placed in the context of market volatility and the recent financial crisis.
Product complexity, recent variable annuity product changes (i.e. asset allocation and equity limits), and liquidity issues are addressed.
Expect more articles of this type in the broader financial press as this is just the tip of the iceberg in terms of the secular bull market in retirement income products.
Source: Bloomberg
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