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Wednesday April 23rd 2014

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Posts Tagged ‘annuity business’

Prudential Says Annuity Fees Would Make Bankers Dance

Prudential Says Annuity Fees Would Make Bankers Dance

Prudential Financial Inc. (PRU), the top seller of variable annuities, said Wall Street should appreciate the fees the life insurer makes on the retirement products, even as some competitors cut sales to reduce risk. “We’re getting more than 2 percentage points of fees from the assets that are part of our annuity business,” Mark Grier, [...]