Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Banks Report Lower Annuity Sales
By Trevor ThomasBanks are reporting a sharp drop in April annuity sales.[@@]Total bank annuity sales fell 9% from the April 2003 total, to $3.9 billion, according ...
June 10, 2004
NASD Seeks Variable Product Suitability RuleByWashingtonVariable annuity sales would come under tougher suitability and disclosure requirements under a new rule proposed by the National Association of Securities Dealers.The proposal comes ...
June 10, 2004
VA Reserving Timetable: Adopt In' 04, Implement In '05VA Reserving Timetable: Adopt In 04, Implement In 05ByRegulators at the National Association of Insurance Commissioners have decided to postpone implementation of a risk-based capital ...
June 09, 2004
NASD Seeks Variable Product Suitability RuleNU Online News Service, June 9, 2004, 2:52 p.m. EDT, Washington -- Variable annuity sales would come under tougher suitability and disclosure requirements under ...
June 04, 2004
NAIC Postpones VA Guarantee ImplementationNU Online News Service, June 4, 2004, 6:27 p.m. EDT -- Regulators at the National Association of Insurance Commissioners have decided against trying to ...
June 03, 2004
NASD Slams Broker-Dealer With Fine For VA Market TimingNASD Slams Broker-Dealer With Fine For VA Market TimingByWashingtonThe National Association of Securities Dealers has fined a Richmond, Va.-based broker-dealer $450,000 in what the NASD ...
June 01, 2004
NASD Announces VA Market Timing FineNU Online News Service, June 1, 2004, 6:12 p.m. EDT, Washington -- NASD Inc., Washington, has fined a broker-dealer $450,000 in what NASD ...
June 01, 2004
Screening ProcessReps interested in moving to another B/D should consider compliance when they make their choices. Dennis Kaminski, chief compliance officer at Mutual Service Corp., suggests...