Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
SEC Contacting Companies On Indeed Annuity Sales Practices
By Trevor ThomasThe Securities and Exchange Commission has asked a number of insurance companies for information about how they market equity indexed annuity products, industry sources ...
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 13, 2005
Industry Battling Proposed VA Suitability RegulationsThe American Council of Life Insurers will be asking federal regulators to reject a proposed variable annuity sales suitability regulation developed by the National ...
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
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, ...