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May 19, 2010, The Decumulation Beat
A Sobering VA Outlook, Via Cerulli
"The industry is still feeling the fallout from the Great Recession," Cerulli's Lisa Plotnick tells RIJ. "But the bad news is not unaddressable."
A new update from Cerulli Associates offers both good and bad news about the state of the variable annuity industry (“Cerulli Quantitative Update: Annuities and Insurance 2010”).
The bad news, says Cerulli analyst Lisa Plotnick, is reflected in the feeble amounts of new cash flowing into the VA space. Net inflows were only 14%, or $17 billion, in 2009. That's about half what they were in 2007. “The VA industry is having a very difficult time attracting money right now,” she told RIJ.
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