Advisers fear private equity's reach into VAs
Jamie Patrick Hopkins
Financial advisers have expressed alarm over recent reports of insurers looking to offload large blocks of variable annuities to private investors.
Voya Financial Inc. announced Thursday it is selling tens of billions of dollars' worth of variable and fixed annuities to three private-equity firms, Apollo Global Management, Crestview Partners and Reverence Capital Partners.
Iacurci, Greg, "Advisers fear private equity's reach into VAs" (2017). In the News. 2550.