The National Association of Securities Dealers and the Minnesota Department of Commerce have given more details about an Annuity Roundtable that they will be holding in Washington May 5.
The roundtable will include one panel that will cover annuity product features and the annuity market, and a second panel that will cover the “fragmented nature of annuities regulation.”
Panelists will include securities regulators, securities group representatives, consumer advocates, executives from financial services companies, and insurance groups.
The panelist list includes North Dakota Insurance Commissioner James Poolman, chairman of the Life Insurance and Annuities Committee at the National Association of Insurance Commissioners, Kansas City, Mo.; Frank Keating, president of the American Council of Life Insurers, Washington; Mark Mackey, president of the National Association for Variable Annuities, Reston, Va.; and Brian Atchinson, president of the Insurance Marketplace Standards Association, Washington.
Robert Glauber, chairman of the NASD, Washington, emphasizes in the roundtable announcement that he continues to believe that regulators should find a way to harmonize the regulations governing sales of fixed annuities, variable annuities and equity-indexed annuities.