Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Pivot Introduces Annuity Order-Entry System

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, May 13, 11:05 a.m. – Pivot/Info-One, Campbell, Calif., has introduced the VARDS Trading system, a Web-based order-entry system for fixed and variable annuities.

The new system is designed to work with VARDS Online, Pivot/Info-One’s annuity analysis and research system.

Pivot is a unit of Wachovia Corp., Charlotte, N.C., which is also the parent company of First Union Securities.

First Union Securities and Hartford Life, Simsbury, Conn., a unit of Hartford Financial Services Inc., began testing the VARDS Trading system earlier this year, Pivot says.

Other large life insurance companies that have agreed to use the system include units of AEGON N.V., The Hague, Netherlands; American International Group Inc., New York; General Electric Capital Corp., Stamford, Conn.; Manulife Financial Corp., Toronto; Nationwide Financial Services Inc., Columbus, Ohio; and Pacific Life Insurance Company, Newport Beach, Calif.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.