US indexed annuity providers are rolling out drastic actions to keep abreast of the turbulent changes taking place in the annuity market with low interest rates proving to be a formidable hurdle.
Nationwide has launched an ‘in-plan’ group fixed index annuity (FIA), the first of a planned suite of in-plan annuity products that will be launched over the span of 2021. The Nationwide Indexed Principal Protection differs from retail FIAs as clients would invest in the annuity within a retirement plan such as a 401k, 403B and 457 while capitalising on certain tax advantages upon withdrawal of their nest egg. The underlying manages volatility and has absolute prin
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