Results for "fixed annuities"

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DOL fiduciary rule delay boosts prospects for annuity sales

October 12, 2017

A proposed delay to the Department of Labor's fiduciary rule is leading to big increases in annuity sales projections next year. The regulation, which raises investment-advice standards in retirement accounts, was expected to put a severe dent...

DOL fiduciary rule has enforcement gaps — and they could widen

September 11, 2017

The Department of Labor's fiduciary rule, as it's currently written, has some enforcement gaps. And they could widen, especially for annuity products, depending on how the Trump administration's review of the rule shakes out. The primary enforcement...

MetLife cutting annuity pay to some of its former advisers

September 5, 2017

MetLife Inc. is cutting compensation on annuities sold by former advisers who moved to other broker-dealers after MetLife sold its Premier Client Group last year to Massachusetts Mutual Life Insurance Co. And the cut in pay is drastic. According...

DOL fiduciary rule: Indexed, variable annuities big winners of a proposed delay

August 10, 2017

Indexed and variable annuities are the biggest winners of the Department of Labor's recently telegraphed fiduciary rule delay. Sales of the products, especially indexed annuities, would arguably have been the most adversely impacted under the...

Consumer and insurance groups disagree on advice standard for annuity sales ​

August 2, 2017

An effort by state insurance regulators to raise investment-advice standards for annuity sales appears to be driving a wedge between consumer organizations and a life insurance trade association. In light of the Labor Department's fiduciary...

DOL fiduciary rule: When advisers actively seek to use BICE

June 14, 2017

To opponents of the Department of Labor's fiduciary rule, the best-interest contract exemption is something akin to the spawn of Satan. This provision of the rule, which raised investment advice standards in retirement accounts, allows broker-dealers...

State insurance regulators look to DOL fiduciary rule as they mull changes to annuity sales standard

June 13, 2017

State insurance regulators are using the Labor Department's fiduciary rule as a benchmark as they begin to mull changes to the annuity sales standard they oversee. The DOL rule, part of which was implemented last week, requires advisers to act...

Voya re-entering buffer annuity market as product popularity grows

May 26, 2017

Voya Financial is hoping to capitalize on the recent popularity of buffer annuities by launching a product around the end of this year or early next, after having exited the market less than two years ago, and joining a small group of insurers...

DOL fiduciary rule pushes indexed annuity carriers to develop new products

May 25, 2017

Insurance companies, especially those that are indexed-annuity-centric, have been launching annuity products within the past several months in anticipation of the Department of Labor's fiduciary rule, which is expected to cause a big disruption...

Indexed, variable annuity sales slump as DOL fiduciary rule looms

May 18, 2017

Annual sales of indexed and variable annuities took another nosedive in the first quarter with the Department of Labor's fiduciary rule set to come into force. Despite a stronger equities market and interest-rate environment, the fiduciary-rule...

Dallas judge in DOL fiduciary rule suit deals yet another blow to indexed annuities

February 10, 2017

The federal judge who this week dealt plaintiffs fighting the Department of Labor's fiduciary rule a stinging defeat also dealt a blow to indexed annuities, a product that has taken quite a beating since the DOL issued its final rule last spring....

Dodd-Frank repeal could lead to big changes for indexed annuities

February 6, 2017

President Donald Trump's executive order to review the Dodd-Frank financial reform law could wind up complicating the indexed annuity market for insurers and distributors. Dodd-Frank, signed into law in 2010 under the Obama administration, contained...

Conditions fertile for annuities if industry can connect with investors

February 1, 2017

Most investors want guaranteed, pension-like income yet are reluctant to buy an investment that can provide it: an annuity. That reluctance, the so-called annuity puzzle, may be closer to being resolved as a combination of factors — fewer...

DOL proposes allowing some insurance intermediaries to use a BICE under fiduciary rule

January 18, 2017

The Department of Labor issued a proposed rule Wednesday that would ease compliance with its fiduciary rule for some distributors of fixed annuity products such as indexed annuities. The rule is a proposed class exemption that, if granted, would...

Office of Management and Budget reviewing proposed exemption under DOL fiduciary rule for some indexed annuity distributors

January 4, 2017

The Labor Department has submitted for review a proposal that would seemingly ease the compliance process for some distributors selling fixed indexed annuities under the fiduciary rule. The Department of Labor sent its proposal, titled “Exemption...

Have indexed annuities become too complicated?

December 16, 2016

Fixed indexed annuities are becoming more complex. To a certain degree, the product evolution driving that complexity is inevitable, as insurance companies seek to stand out and grab a bigger piece of a market whose annual sales have been growing...

Indexed annuity sales on pace for record year, as variable annuities take another big hit

November 22, 2016

Fixed indexed annuity sales are on pace for a record year in 2016 as low interest rates and product features drive their popularity among broker-dealers, and despite headwinds from a new Labor Department investment-advice regulation that will...

Federal court rejects NAFA attempt to kill DOL fiduciary rule

November 4, 2016

In a victory for the Department of Labor, a federal judge Friday rejected an attempt by an insurance trade group to strike down its new fiduciary rule for retirement advice. In the first court decision involving a legal challenge to the DOL...

Some firms opting to sell fixed annuities under best-interest contract exemption to keep trips, bonuses intact

October 17, 2016

Some financial institutions are opting to sell certain types of fixed annuities under a stricter compliance regime of the Labor Department's fiduciary rule than is necessary, in order to continue to offer incentives such as bonuses and trips....

Nationwide to buy Jefferson National

September 28, 2016

Nationwide has agreed to buy Jefferson National, a distributor of variable annuities for clients of registered investment advisers. The acquisition, which expands Nationwide's ability to sell financial products through Jefferson National's network...

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