As interest rates shot up from near-zero, dramatically improving the returns on new annuities, investors mostly stayed in their existing policies
May 30, 2023 8:00 am ETMarc Rowan, chief executive of Apollo Global Management, said that bank-run risk doesn’t impact the annuities industry because people use these investments to save for retirement.Investors who stashed billions of dollars in low-yielding annuities did a surprising thing last year: nothing. As
from near-zero, dramatically improving the returns on new annuities, investors mostly stayed in their existing policies, new data show.Continue reading your article with
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