The “De-Risking” Process Ramps Up Around the Variable Annuity Business

We’re figuring that the myriad reductions variable annuity insurers have been making to their benefits and features signal the potential for reduced deposits and net flows for the industry, not to mention big shifts in the market share rankings. A few major pieces of news that broke late last week give us even more reason to believe that there will be substantial change in the competitive playing field over the near term...