Annexus, the US-based retirement product design company, has announced that Athene BCA 2.0 Suite of Fixed Indexed Annuities, one of its flagship FIAs, won the "FIA of the Year" award at the SPi USA 2022 Awards for Excellence ceremony.

Athene is a Bermudian-based retirement services company.

The event, hosted by Structured Product Intelligence, recognises leaders in structured investments in the indexed product space, including insurance carriers, annuity and index designers, and hedge providers.

This is the second FIA of the Year award for BCA in 2022, Annexus said.

The company said the Athene BCA Suite of Fixed Indexed Annuities offers one of the industry's strongest combinations of accumulation potential, principal protection, income, and legacy benefits.

It added that it features two of the top-producing indices, the WisdomTree Siegel Strategic Value Index and the Shiller Barclays Global Index, which both have positive year-to-date performance of up to [10 per cent], while the S&P 500 is down [-24 per cent] and bonds down over [-13 per cent].

The Athene BCA 2.0 also exclusively offers the Citi Grandmaster Index, which won the Best New Index award at SPi USA 2022.

The index is broadly diversified across global equities, government bonds, commodities and corporate credit.

"BCA fixed indexed annuities has demonstrated its ability to be an attractive alternative to help reduce overall portfolio risk while still crediting interest including this year," said Tom Haines, executive vice-president of index solutions and capital markets at Annexus.

"Athene BCA currently offers the most robust portfolio of leading indices in the FIA market."