Barclays cashes in on Rila craze with new prop play

Barclays has rolled out the Barclays Risk Balanced Index to the US annuity market, the first volatility-controlled index of its kind to underlie a registered index-linked annuity (Rila). The ‘ZoneChoice Annuity’ Rila was developed by insurance firm Cuna Mutual Group and issued by Members Life Insurance Company. The product is aimed at enabling savers to personalise their investment strategy to match their respective risk tolerance. The objective of the Rila is to offer potential higher returns