Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
FINRA To Postpone Suitability Review Implementation
By Arthur D. PostalThe Financial Industry Regulatory Authority has decided to put off enforcing a proposed deferred variable annuity sales review regulation until 180 days after it rewrites ...
April 17, 2008
What is your perception of variable annuities?Jerome G., 76New Prague, Minn."I don' know any details about them; I have other investments. I guess I have heard a few things about them in the news, and none of it was good. The feeling I got is that a lot of advisors use variable annuities to
April 17, 2008
Nafa making great strides in 2008The National Association for Fixed Annuities is on the front lines of industry battles over regulation, compliance, suitability, image and information. Executive Director Kim O'Brien responds to inaccurate and biased articles in the media and speaks
April 17, 2008
Hancock sets sales recordAs annuities continue to fight image problems and their perception faces a shaping battle between the insurance industry, the media and regulators, a piece of good news emerged from the variable side of the industry. John Hancock Financial Services
April 17, 2008
'Commission-free investing' claim clouds VA articleI must express my disappointment in John Huggard's article, "10 reasons variable annuity sales are soaring" (Senior Market Advisor, Dec. 2006).
April 17, 2008
Compliance complaintsCompliance people running scaredOur compliance team has the correct approach - they often say "no" at the first pass, then follow it up with, "Now, let's see how we can make it work." Of course, this is at the internal advisory level in our RIA, not
April 17, 2008
May 'Red flag reminder' advice disputedWow! While it's understandable we don't want persons licensed only as insurance agents giving "investment advice" (Red flag reminders, May 2007 SMA), it seems impossible to know where the various regulating bodies/authorities will draw the line.
April 17, 2008
Financing entity hit with cease-and-desistThe state of Florida in July ordered Great West Growth LLC to cease and desist its life settlement operations in the state, claiming the company was not licensed to operate in Florida. Kevin McCarty, the Florida insurance commissioner, said at