Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Allmerica To Outsource VA, UL Processing
By Staff WriterSecurity Benefit Corp. has entered into a long-term agreement to provide business processing services for Allmerica Financial Life Insurance and Annuity Company.[@@]Under this agreement, ...
August 22, 2005
Nationwide Offers Equity Indeed AnnuityNationwide Financial Services Inc. is offering its first indexed annuity.[@@]Nationwide, Columbus, Ohio, says its new Nationwide Clear Horizon Index Annuity is designed to be ...
August 19, 2005
Regulators Tighten Roth IRA Annuity Valuation RulesThe 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 19, 2005
Wholesaler Joins PhoeniThe Phoenix Companies Inc. has hired Douglas Glidden to be senior vice president of the North Carolina, Tennessee and Virginia territory for its Phoenix ...
August 19, 2005
Analyst Predicts Continuing Weakness In VA SalesSecond-quarter variable annuity results were weak.[@@]Suneet Kamath, an analyst at Sanford C. Bernstein and Company L.L.C., New York, dissects the figures this week in ...
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 ...