Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Bank Annuity Sales Plateau
By Trevor ThomasAnnuity sales at banks and savings institutions amounted to $4.7 billion in March, unchanged from the total for March 2004.[@@]Although sales of fixed annuities ...
June 21, 2005
Hartford Says States Continue Annuity ProbeThe Hartford Financial Services Group Inc. says it has received more subpoenas for information about its group annuity products from the attorneys general of ...
June 21, 2005
Pre-Boomers Feel ConfidentPre-Boomers Feel ConfidentThe great majority of members of the "Silent Generation" feel confident that they have enough money to live comfortably until age 85, ...
June 20, 2005
Key Eecutive To Retire At NationwideNationwide Financial Services Inc. says Richard Karas will be retiring Dec. 31.[@@]Karas, 62, is Nationwide Financial's senior vice president for non-affiliated sales. He started ...
June 20, 2005
Bank Of America Leads In Brokerage RevenueBrokerages in banks saw investment income fall 7% during the first quarter, according to a new report.[@@]The industry tallied $1.4 billion in income from ...
June 20, 2005
Annuity Seller Offers Identity ProtectionSun Life Financial U.S. is offering customers a new layer of protection.[@@]The Wellesley Hills, Mass., insurer will be providing 1 year of free PrivacyGuard ...
June 17, 2005
Skandia To Settle SEC Charges (Corrected)Skandia Insurance Company Ltd. is offering to settle a case involving allegations of past market-timing problems at its old American Skandia unit.[@@]Prudential Financial Inc., ...
June 17, 2005
American Equity Changes AuditorsAn active player in the fixed and equity indexed annuity markets is changing auditors.[@@]The company, American Equity Investment Life Holding Company, West Des Moines, ...