Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Industry Battling Proposed VA Suitability Regulations
By Arthur D. PostalThe American Council of Life Insurers will be asking federal regulators to reject a proposed variable annuity sales suitability regulation developed by the National ...
July 06, 2005
IMSA Publishes Consumer Annuity GuideThe Insurance Marketplace Standards Association has released a free brochure for annuity buyers.[@@]IMSA, Washington, has posted the brochure on its Web site, at http://www.imsaethics.orgThe ...
July 06, 2005
Bank Annuity Sales Drop In AprilA sharp drop in variable annuity sales sent bank annuity sales falling 15% in April.[@@]Banks and savings institutions sold $3.5 billion in annuities in ...
July 06, 2005
NASD Punishes Firm For Variable Product Sales ContestsThe National Association of Securities Dealers has imposed a $325,000 fine in connection with allegations about variable product sales.[@@]The NASD has accused the firm, ...
July 05, 2005
Consultant: VA Reinsurance Remains TightReinsurance for variable annuities with guarantees continues to be scarce and costly.[@@]That's the assessment of David Hopewell, a senior actuarial advisor in the Philadelphia ...
July 05, 2005
Indeed Annuity Offers Nursing Home And Terminal Illness RidersConseco Insurance Company has introduced an equity indexed annuity with features designed to appeal to consumers who want some access to their cash.[@@]The annuity, ...
July 01, 2005
Pacific Life Hires RitondoPacific Life Insurance Company has hired Christopher Ritondo to be a senior account manager for regional brokerage firms and wirehouses in its Eastern region.[@@]Ritondo ...
July 01, 2005
Fraternal Adds 7 FundsThe investment management arm of Thrivent Financial for Lutherans is introducing 4 asset-allocation funds and 3 other mutual funds.[@@]The 4 new asset-allocation funds will ...