Bank holding companies set record, see 29% rise in annuity sales

Bank holding companies generated 29% more revenue from the sale of annuities last year than in 2007 and set a record with annuity sales of $2.61 billion.

Sales rose from the $2.02 billion reported by bank holding companies in 2007, according to the Michael White-American Bankers Insurance Association Bank Annuity Fee Income Report, which pools data from all 7,495 commercial and FDIC-supervised banks and 880 large bank holding companies (BHCs) operating last Dec. 31...

IFA Web News: Bank holding companies set record, see 29% rise in annuity sales
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