Why Annuity Adoption Among Fee-Based Advisors Is Still So Slow
June 29, 2021 by Warren S. Hersch
In the first quarter, a sliver of the deferred annuities sold, or 2.28%, were fee-based, according to new Wink data. That’s only slightly higher than the 1.87% recorded in the last quarter of 2020.
“Sales of fee-based annuities are increasing quite steadily, but the growth really isn’t too much to get excited about,” says Sheryl Moore, the CEO of the research firm, which compiles data on the annuity market.