While the fiduciary rule proposed by US Department of Labor (DOL) has hit the headlines in the annuities space this week, we also look at other latest development from product, regulatory and market perspectives.
New York-headquartered Axonic Insurance Solutions is making a concerted push into the Asian market where they have identified significant potential in private wealth and increasing demand for structured annuities, according to Robert Painter (pictured) , head of product and actuarial at the subsidiary of Axonic Capital. The products offered by Axonic Insurance Solutions have a particular focus on multi-year guaranteed annuities - the guaranteed fixed rate plan with three, five and seven-year te