Annuity Net Flow Data Planned
March 12, 2001
Data on net flows in variable annuity sales will be available beginning in October, according to the National Association for Variable Annuities and Info-One of Campbell, Calif. NAVA, of Reston, Va., and Info-One announced last year that the two companies would jointly begin collecting net flow data on variable annuity contracts. NAVA will ask its members to provide this data to Info-One/ VARDS using a standardized format developed by NAVA, according to Info-One. While mutual fund companies have reported sales on a net flow basis for years, annuity issuers have not reported analogous sales information.