Registered Index-Linked Annuities – Creating A Flexible Platform – Securities
The market for registered index-linked annuities (“RILAs”) is small but growing. RILAs are annuity contracts, the payout of which is linked to the performance of an underlier, such as an equity index. In today’s market, we see an intersection of some features of structured products and RILAs. In particular, both instruments increasingly use proprietary indices…
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