Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Financial abuse of elderly on the rise
By Staff WriterA new report from MetLife uncovered an alarming surge in the financial exploitation of seniors.
August 25, 2011
‘Flight to Safety’ Prompts Higher Fixed Annuity SalesSecond quarter fixed annuity sales overcame falling interest rates to post their second consecutive quarter-to-quarter increase. Beacon Research, which studies annuities, reports sales improved 8% from the prior quarter to $20.4 billion, and all but one product-type grew.
August 24, 2011
Beacon: Non-MVA Fixed Annuities GainSales of fixed annuities without market-value-adjustment features increased to $8.2 billion in the second quarter, up 4% from the total for the second quarter of 2010.
August 24, 2011
IRI: Annuity Sales Head HigherU.S. individual annuity sales were 10% higher in the second quarter than they were in the second quarter of 2010, according to the Insured Retirement Institute.
August 24, 2011
SEI: More Pension Plans Using Alternative Assets - in ModerationMore U.S. pension plans seem to be using some alternative investments, but fewer plans seem to be using alternative investments a lot.
August 24, 2011
Rogue advisors perpetrate securities, mail fraudA Texas insurance agent pleads guilty to 15 counts of securities fraud that bilked clients of $5 million.
August 23, 2011
Theodore Krause, 100: Still SellingAXA Equitable Life Insurance Company has released a short video about Theodore Krause, a 100-year-old life insurance agent who is still working with clients just about every business day.
August 23, 2011
Cerulli: Wirehouse Channel Losing GroundThe dually registered advisor channel could control 8.5% of client assets in 2012, according to Cerulli Associates Inc.