SEC ‘Seriously Considering’ Simpler VA Prospectus
Investor demand for an alternative to the 150- to 300-page VA prospectus remains strong, according to a just-released survey by the IRI, and the SEC is “seriously considering” approving shorter documents.
IRI Research to Serve as ‘Backbone’ to One-Stop Licensing Clearinghouse
IRI announced Monday a new research initiative to identify regulatory burdens facing BDs that impede their ability—and their advisors’ willingness—to sell lifetime income products.
Annuity Sales Down in Q1, but VA Assets at All-Time High: IRI
First-quarter annuity sales fell more than 2.5% to $53.1 billion, IRI announced on Thursday.
For College Grads, 10 Important Financial Tips
Diploma season brings some important suggestions for better financial health from Insured Retirement Institute.
Did 2008 Make the Case for Variable Annuities?
A new survey finds consumers and financial advisors that are increasingly concerned about meeting retirement goals are turning to variable annuities.
Retirement Officials Blast Obama Budget Proposal
Retirement planning officials, including ASPPA's CEO Brian Graff, said that Obama’s proposal to limit the tax benefit for retirement savings for families earning more than $250,000 is “a bad proposal based on bad math.”
Gen X: Lonely Hearts, Empty Wallets
A report released Monday by the Insured Retirement Institute found while overall, Gen X investors lack retirement confidence—two-thirds doubt they’ll have enough money to live comfortably in retirement or cover medical expenses—marital status is an indicator of how well prepared they are.
Outlook 2012: Annuities — Industry at Crossroads, With Weatherford, Greenwald, Cortazzo
The fact that two major carriers in recent weeks have announced their exit from the annuity business should tell us all we need to know about the health and viability of the industry. If only it were that simple.
Variable Annuity Sales Highest Since Q3 2007
Net variable annuity sales in the third quarter were $8.8 billion, the highest level since the same quarter of 2007 when sales totaled $8.9 billion, the Insured Retirement Institute announced Tuesday.
Variable Annuities Set to Drive Industry to $150 Billion in 2011
Annuity sales fell in the third quarter from the second quarter, but are up from the same period one year ago by 5%, the Insured Retirement Institute announced on Nov. 8.