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Fidelity Suspends MetLife Annuity Sales as Insurer Mulls Breakup
Bloomberg
Feb. 25, 2016
"Fidelity Investments, the second-largest U.S. mutual fund company, suspended sales of MetLife Inc.'s annuities as the life insurer weighs a possible sale, spinoff or public offering of a retail unit that provides the retirement products.... The loss is a setback for MetLife, the largest U.S. life insurer, which has declined about 21 percent this year in New York trading. The insurer's Accumulation Annuity and Growth and Income Annuity are no longer available to new investors through Fidelity[.]"
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