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Friday April 18th 2014

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Non-Qualified Annuities Regain Favor

After six months of negative cash flows, non-qualified annuities turned positive in the third quarter. Such annuities also gained market share, according to the Depository Trust & Clearing Corporation. Nevertheless, flows into qualified annuities – those purchased for company retirement plans and IRAs – continued to far exceed flows into non-qualified annuities. This rebound in non-qualified annuities brought their share of all inflows up to 42% in September 2012, vs. only 39% in December 2011. Even so, net cash flows into  qualified annuities remained significantly higher than those into non-qualified accounts. In both August and September 2012, net cash flows into qualified annuities were well over $1.5 billion according to a recent report at www.financial-planning.com