Credit Suisse bets on intraday vol signals to revive FIA sales
November 11, 2020 by Helen Bartholomew
After a decade of double-digit gains, whipsawing markets and persistently low rates have taken the shine off fixed indexed annuities (FIAs), bringing sales growth in the popular US retirement products to a screeching halt. At $41 billion, FIA sales are down by more than a quarter year-to-date – the first decline in 12 years, according insurance research firm Limra.
Credit Suisse is betting on a little-known index provider – Salt Financial – to revive the product’s fortunes.
Click HERE to read the full story via Risk.net
Wink’s Note: We don’t necessarily agree that sales have come to a “screeching halt,” but they are going to be down again this quarter. Wink’s Sales & Market Report will be publishing 3rd Quarter, 2020 sales in November. Click HERE to view 2nd Quarter, 2020.