Credit Suisse bets on intraday vol signals to revive FIA sales

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After a decade of double-digit gains, whipsawing markets and persistently low rates have taken the shine off fixed indexed annuities (FIAs), bringing sales growth in the popular US retirement products to a screeching halt.

At $41 billion, FIA sales are down by more than a quarter year-to-date – the first decline in 12 years, according insurance research firm Limra.

Credit Suisse is betting on a little-known index provider – Salt Financial – to revive the product’s fortunes.

The bank plans

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