Fidelity Measures the CD-Annuity Literacy Gap

May 29, 2019 by Allison Bell

Fidelity Investments recently conducted a consumer knowledge survey using a non-random sample of Americans that was designed to give annuities the edge.

Even though Fidelity did its best to put its statistical thumb on the annuity side of the scale, the company found that the survey participants knew a lot more about bank certificates of deposit, or CDs, than they did about deferred fixed annuities.

Fidelity offers its customers both bank CDs and annuities.

The company organized the survey to find out what consumers are thinking about fixed-income products.

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Originally Posted at ThinkAdvisor on May 23, 2019 by Allison Bell.