Reflecting on 2008: a Turning Point Year for Variable Annuity Players

This is our customary early retrospective of the past year for the variable annuity business, in which we’ll offer a narrative of how things unfolded chronologically in 2008, the market conditions that arose and their corresponding impacts on the competitive landscape. In the process we’ll be commenting on industry data points we have not covered extensively before, and will wrap up with thoughts to keep in mind for the future...