Vanguard veers away from annuities: News Scan
August 5, 2019 by Bernadette Berdychowski Paola Peralta
Vanguard is cutting insurance-based options as it transitions its Vanguard Variable Annuity to Transamerica, along with its client service and account administration, the firm said. It will also discontinue its online platform, Vanguard Annuity Access.
“Annuity administration is not central to our long-term product and service plans,” says Karin Risi, managing director of Vanguard’s Retail Investor Group.
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Originally Posted at Financial Planning on July 16, 2019 by Bernadette Berdychowski Paola Peralta.
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