LIMRA: Secure Retirement Institute - While U.S. Single-Premium Pension Buy-Out Sales Drop in First Quarter 2021, Buy-In Sales Break All-Time Quarterly Record
June 11, 2021
June 11, 2021
WINDSOR, Connecticut, June 11 (TNSOps) -- LIMRA issued the following news release:
Following strong fourth quarter 2020 sales results, U.S. single premium buy-out sales totaled $1 billion in the first quarter, down 77% from first quarter 2020, according to the Secure Retirement Institute(R) (SRI(R)) U.S. Group Annuity Risk Transfer Sales Survey.
"Pension risk transfer (PRT) activity slowed significantly in the first quarter, with just 42 single premium buy-out cont . . .
Following strong fourth quarter 2020 sales results, U.S. single premium buy-out sales totaled $1 billion in the first quarter, down 77% from first quarter 2020, according to the Secure Retirement Institute(R) (SRI(R)) U.S. Group Annuity Risk Transfer Sales Survey.
"Pension risk transfer (PRT) activity slowed significantly in the first quarter, with just 42 single premium buy-out cont . . .