Loan & Distribution Specialist AimPoint Pension
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Compass
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Annuity Purchase Update: June 2020 Interest Rates
October Three Consulting June 19, 2020 "The strong equity market returns of 2019 were set back by poor performance in the first quarter of 2020, but Q2 2020 gains reversed the downward 2020 trend. The average duration [7-year] annuity purchase interest rates decreased by 8 basis points and average duration [15-year] rates increased by 3 basis points since last month. This change in rates led to a corresponding increase in annuity purchase price of 0.57% for Annuity Plan 1 and a 0.49% decrease for Annuity Plan 2." |
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