Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Regulators Tighten Roth IRA Annuity Valuation Rules
By Allison BellThe Internal Revenue Service wants taxpayers to be reasonable when they are moving variable annuities into Roth individual retirement accounts.[@@]The IRS has issued a ...
August 18, 2005
Pacific Life Promotes MarketerPacific Life Insurance Company has named Dewey Bushaw to be chief marketing officer at its annuities and mutual funds division.[@@]Bushaw previously was a senior ...
August 18, 2005
Brokers Gain Share In VA MarketBrokers and other investment professionals accounted for 57% of U.S. variable annuity sales in 2004, up from 52% in 2003.[@@]Researchers at Integras, a unit ...
August 18, 2005
Consumer Groups Attack Compliance EtensionConsumer groups are clashing with financial services groups about when new federal variable life and variable annuity sales regulations should take effect.[@@]The U.S. Securities ...
August 17, 2005
Allstate Develops VA Illustration SystemA team at Allstate Corp. has developed a tool for Allstate agents who want to sell variable annuities.[@@]The team has introduced the ClearCast Illustrations ...
August 17, 2005
Hancock President To RetireManulife Financial Corp. says James Benson, president of its John Hancock Life Insurance Company unit, will retire Aug. 31.[@@]Benson, Boston, came to Manulife when ...
August 17, 2005
Interim NAIC Meeting To Focus On ReservesThe key players in efforts to revamp life insurance and annuity reserving practices will be traveling to Minneapolis next week to share ideas.[@@]Regulators, companies ...
August 16, 2005
MetLife Offers Equity Inde Options For InstitutionsMetLife Inc. has introduced an Equity Index Plus separate account investment option for pension plan sponsors.[@@]The option "fully replicates the performance of the S&P ...