The spread between rates paid on fixed annuities and one-year certificates of deposit sold by banks narrowed in the last month, a consultant has found.

The narrowing, which continues a trend that started in the middle of last year, is slowing sales of fixed annuities, said Kenneth Kehrer, principal of a Princeton, N.J., consulting firm that bears his name.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.