Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Unscrupulous advisors bilk clients for personal gain
By Harry LewA California life insurance agent has been sentenced to three years and eight months in state prison for multiple felonies in a Ponzi scheme used to bilk unsuspecting victims out of approximately $800,000.
June 29, 2011
SEC's Rominger: 'Proliferation' of Variable Products Raises Regulatory WorriesEileen Rominger, director of the SEC Division of Investment Management, said the securities regulator is seeing a “proliferation” of new variable insurance product designs and innovations, some of which “raise substantive regulatory concerns.”
June 28, 2011
IRI Conference: SEC May Act on VA Summary Prospectuses - SomedayThe U.S. Securities and Exchange Commission is giving the variable annuity summary prospectus "very serious consideration," but it is declining to commit itself to acting on the issue this year.
June 28, 2011
IRI: Training key to increasing advisor use of VAsIncreased education in retirement planning may be the key to expand the number of advisors who sell variable annuities, according to a new survey from The Insured Retirement Institute.
June 28, 2011
IRI Conference: SEC Official Sees Possible Living Benefits ConflictsThe U.S. Securities and Exchange Commission is keeping a close eye on variable annuity living benefits disclosures.
June 27, 2011
IRI: Training key to increasing advisor use of VAsIncreased education in retirement planning may be the key to expand the number of advisors who sell variable annuities, according to a new survey from The Insured Retirement Institute.
June 24, 2011
NAIRPA: Strike While the Iron's HotThe best time to educate a consumer about retirement savings topics is when the consumer is getting ready to make a transaction, according to the National Association of Independent Retirement Plan Advisors.
June 24, 2011
Growth: Phoenix, AmWINSPhoenix Companies Inc. is expanding its relationship with the AltiSure Group L.L.C. distribution channel.