IPO reflects ongoing shift at Jackson National
March 25, 2020 by Editorial Staff
‘Jackson’s fixed indexed annuity sales jumped 1,293% in 2019, while their fixed-rate deferred annuity sales climbed 169%,’ said the Secure Retirement Institute this week.
Seeking outside capital to fuel Jackson National Life’s aggressive retirement product diversification strategy, the U.S. life insurer’s British parent has decided to sell a minority position in its flagship subsidiary via an initial public offering (IPO) in the U.S.
Originally Posted at Retirement Income Journal on March 19, 2020 by Editorial Staff.
Categories: Industry Articles
