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November 16, 2009 at 07:00 PM
Regulation, Wall Street and behavioral forces are driving change in the annuity industry today according to noted annuity expert Jack Marrion.
Marrion, of Advantage Compendium, spoke last Friday at a breakout session called “Annuity Market Forces” during the NAILBA 2009 annual meeting in Hollywood, Fla.
Marrion also “took out his crystal ball” and predicted that by 2019, there will be greater disclosure of charges and commissions paid, greater transparency of internal costs and renewal rates and returns, and greater liability. In addition, he said, FINRA will likely be regulating all annuity and life insurance agents.
