The US bank is behind eight of the top 10 best-selling structures after partnering with six different issuers in March
Indexed annuities are set to continue growing in 2019 on the back of ‘attractive’ interest rates and market volatility
US annuity provider Symetra Life Insurance Company has launched Symetra Trek, an individual, single-premium deferred annuity with index-linked interest options, including the proprietary Pimco Equity Fusion Index.
A total of 1,528 structured products from 35 different providers and worth $4.6 billion were added to the SRP USA database in February compared with 1,830 products with a sales volume of $6.3 billion which were added during the same month in 2018. Six hundred and forty products matured during the month releasing $2.7 billion back onto the market.
New suite of fixed indexed annuities features indices designed by two renowned economists in collaboration with Barclays and CIBC Capital Markets
Transamerica and Annexus have joined efforts to launch a new enhanced suite of fixed index annuities
Bank of America Merrill Lynch (Baml) has reshuffled its fixed income, currencies, and commodities division (FICC) with the head of sales and structuring in the Americas for the division, Karen Fang, shifting to a more senior role in trading, according to an internal memo.
Providers of indexed and structured annuities in the US are piling up resources to increase the offering of commission-free annuity products to fee-only advisors as the registered independent advisor (RIA) channel gets momentum.
The US financial regulator spells out in its annual market outlook the areas at the heart of its oversight