Indie BDs Are the Next Growth Channel for Annuities: Cerulli
December 16, 2020 by Ginger Szala
The outlook for growth in annuities sales is fair to middling, with independent broker-dealers being the best potential outlet.
And though total annuity sales are forecast to drop about 13% in 2020, according to a Cerulli Associates study, the worst hit will be for fixed indexed annuities, falling about 28% in sales. In 2019, FIAs made up 56% of total fixed annuity sales, setting a new sales record, the report states.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on December 14, 2020 by Ginger Szala.
Categories: Industry Articles