The fixed index annuity (FIA) is offering an equity index that uses timer options on top of two multi-asset plays backed by academics for the first time.

Athene, the largest FIA provider in the US , has extended its collaboration with annuity designer Annexus by adding three exclusive indices for its Athene BCA 2.0 FIAs, the firms said on Tuesday (16 December). One of the new additions is the S&P 500 Distance Stabilizer TCA Index (SPXDSTCE), the first S&P DJI index utilising a distance timer strategy, a mechanism designed to provide greater stability over time, according to S&P DJI.   Launched on 12 September, the excess retur