Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
SEC Allows Only 3 Weeks For VA Suitability Rule Comments
By Arthur D. PostalFederal regulators are preparing to impose special suitability requirements on the sale of variable annuities along with requirements that broker-dealers and supervisors do more ...
July 20, 2005
AEFA Fills Distribution PostsAmerican Express Financial Advisors has hired 2 vice presidents.[@@]One of the new executives, Marty Griffin, will be general manager of outside product distribution. The ...
July 20, 2005
How Old Is Too Old To Buy A Deferred Annuity?Controversy continues regarding sales of deferred annuities--particularly deferred variable annuities to seniors (usually defined as those over age 70).In recent times, regulators--including state insurance ...
July 20, 2005
Fitch Discusses VA MarketFitchAug04jcBanner--RatingsOffers Details On New Stochastic Fitch ModelFitch Ratings detailed its new stochastic model to analyze VA capital requirements and discussed the shift in how ...
July 20, 2005
SEC Contacting Companies On Indeed Annuity Sales PracticesThe Securities and Exchange Commission has asked a number of insurance companies for information about how they market equity indexed annuity products, industry sources ...
July 19, 2005
New Annuity Offers Withdrawal Guarantee OptionThe Phoenix Companies Inc. has introduced a flexible-premium deferred variable annuity with a variety of riders, including an optional guaranteed minimum withdrawal benefit.[@@]The product, ...
July 13, 2005
Indeed Annuity Sales Soar In Banks In First QuarterU.S. banks increased sales of equity indexed annuities by 79% in the first quarter, well above the growth rate for EIAs sold through other ...
July 13, 2005
Bank of America Settles With Mass. On VA Sales To ElderlyThe brokerage unit at Bank of America Corp. has agreed to settle a state regulator's complaint that it sold inappropriate variable annuities to older ...