Let’s Talk Annuities: The Growing Fee-based Annuity Space
May 21, 2019 by Cassie Miller
WASHINGTON — Fee-based variable annuity accounts made up just 3.2% of all sales in 2018. That number is no doubt small compared to its commission-based counterparts, but it is growing. From 2016 to 2017, the percentage of households with fee-based accounts increased 10%.
At the Insured Retirement Institute’s Action19 conference, a panel of experts shared how new technology solutions and best interest duties are expanding and changing the fee-based space.