Credit Suisse bets on intraday vol signals to revive FIA sales
New line of fixed indexed annuities will use intraday data for more precise vol targeting
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
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