Variable Annuities
Variable annuity news and analysis, including coverage of registered indexed linked annuity (RILA) contracts.
Investments Buoy Nationwide Financial
By Steve TuckeyNationwide Financial Services Inc. posted a sharp increase in second-quarter profits despite large cash outflows at its annuity operations.[@@]Nationwide, Columbus, Ohio, is reporting $141 ...
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
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 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 ...
July 11, 2005
VA Rider Protects Income PaymentsNationwide Financial Services Inc. is adding a retirement income guarantee option for variable annuity holders.[@@]The option, the America's Income Annuity Income Foundation rider, gives ...
July 11, 2005
Shepherdson Returns To AXAAXA Financial Inc. has hired Jamie Shepherdson to be executive vice president and head of the company's AXA Distributors L.L.C. wholesale distribution division.[@@]Shepherdson co-founded ...
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
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, ...