Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Annuity Inflows Up in May, Per DTCC


Annuity inflows were up just over 1% in May, despite the fact that overall annuity activity has gone down in the past year.  This information comes from Financial Planning’s “Annuity Inflows Increase, Overall Activity Declines,” by Ann Marsh.  The Depository Trust & Clearing Corporation released this data based on the transactions that it processes, which the DTCC says is close to 100% of all industry transactions.  While they may not be well known, the DTCC handles all of the back office work for the insurance and annuities markets.  Annuity inflows were $7.5 billion in May, an increase from $7.4 billion in April.  May’s outflows were $6.4 billion, a 4% increase from $6.2 billion in April.

Net flows in May went down by 12%, from $1.2 billion in April to $1 billion in May.  The inflow gap between qualified and non-qualified annuities continued its pattern of getting smaller.  Qualified annuities accounted for 58% of inflows, while non-qualified annuities accounted for 41%.  The DTCC started working with the Retirement Income Industry Association last year to collect data on the cash flows brought about by different channels and categories of products.  They use six categories of distribution channels for their records and their May figures are as follows.  Independent broker/dealers accounted for 27% of inflows, wirehouses had 17%, regional broker/dealers were just behind that with 16% of May’s inflows, bank broker/dealers had 13%, insurance broker/dealers accounted for 9%, and 18% of inflows are categorized as ‘other’.

Written by Rachel Summit

Follow Finance Mama on Twitter https://twitter.com/#!/financemama

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).