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NAVA Members Expect Consumers to Grow More Cautious

Ninety-nine percent of those surveyed at annual conference believed that most retirement-minded Americans will react to the financial crisis by moving money into “safer” investments.

Down 5.5% for the Year, VA Assets
Grow Slightly in Second Quarter 2008

Combined net assets in VAs fell about 5.5%, to about $1.406 trillion from the end of 2007 to June 30, 2008, but rose slightly in the second quarter.

Bank Annuity Commissions
Up 13% in First Half 2008

Bank annuity commissions and fees rose 13.2% to $539.6 million in the first half of 2008 from $476.9 million in first half of 2007.

Fixed Annuity Sales Reach a Six-Year High—Beacon Research

With an estimated $24.6 billion in premiums, U.S. sales of fixed annuities soared to their highest levels since 2003 in the second quarter of 2008.

Bank Fixed Annuity Sales Rise 26% in Second Quarter

Reported second quarter sales of about $7 billion were 25.8% higher than in the prior quarter and 81.1% higher than sales in the second quarter of 2007.

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