Around the variable annuity business, the past few weeks have been characterized by a pattern of activity that goes like this: first, rumors start circulating about a given company making a de-risking change, only for those rumors to later turn out to be true; what follows is a fresh rumor about yet another company, which also materializes later through a company announcement or SEC filing. We are unsure how long these conditions will persist, but they are sure proving to be engrossing...
As Market Leaders Make De-Risking Moves, Other VA Players Follow Suit
Steven D. McDonnell
