Results for "annuities"

Displaying 617 results

Sort: Date | Relevance

Author:

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...

Some broker-dealers changing indexed-annuity compensation due to DOL fiduciary rule

April 24, 2017

Brokerage firms are evaluating how they and their advisers get paid for indexed annuity sales to clients, as the start date of a new Labor Department rule governing investment advice in retirement accounts inches closer. At present, many broker-dealers...

State insurance commissioners consider strengthening annuity sales rules

April 12, 2017

State insurance regulators are considering strengthening investor protections surrounding sales of annuity products. The National Association of Insurance Commissioners launched an annuity suitability working group April 8 at the organization's...

Retirement plan advisers should bone up on lifetime income

April 11, 2017

The continuing demise of defined benefit plans and increasing concern about the future of Social Security have dramatically reduced the certainty of retirement income for most Americans. Guaranteed income options in defined-contribution plans...

'Retirement Rip-Off Counter' underscores impact of Department of Labor's fiduciary rule delay

April 5, 2017

A counter adding up the $46 million retirement savers are losing daily from a delay of the Department of Labor's fiduciary rule will be projected onto federal buildings in Washington to protest the Trump administration's efforts to postpone...

Department of Labor's fiduciary rule blamed for insurers' massive hit on variable annuity sales

March 28, 2017

The variable annuity industry took a beating in 2016, with several of the top sellers inking losses upwards of 25% on the year and some exceeding 40%. The Department of Labor's fiduciary rule, issued in its final form last spring, played a big...

Tontines could be making a comeback, providing alternative for retirement income

March 27, 2017

An investment vehicle popular in the Victorian Age but plagued by scandals early in the last century may be coming back. The vehicle is the tontine, a type of investment pool from which members draw annual dividend payments after paying a lump...

Study finds most retirees want guaranteed lifetime income

March 8, 2017

Most Americans are comfortable with the idea of working towards a savings goal as they approach retirement, but few know how to create an income strategy once they get there. The greatest financial challenge facing retirees is determining how...

UBS exploring fee-based annuities for advisers

February 8, 2017

UBS Wealth Management Americas is mulling the potential offer of fee-based annuities to its adviser force for use with clients, according to a company executive. The evaluation comes as such annuities, and fee-based business generally, are poised...

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...

Buffer annuities, an index-variable hybrid, garner mixed reactions

February 1, 2017

While brokerage regulators and some attorneys have seen an uptick in complaints lodged against a type of annuity known as a “buffer annuity,” there's mixed reaction as to the validity of criticism lodged against the products. Buffer annuities,...

Complaints surface at Finra over buffer annuities

January 25, 2017

A new type of variable annuity called a buffer annuity is beginning to gain attention from regulators. It is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment. The Financial...

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...

Obama administration shows more support for annuities in 401(k) plans

January 3, 2017

In its most recent show of support for lifetime income products in defined-contribution plans, the Obama administration has said it may be “prudent” in particular circumstances to default participants into target date funds that bundle in...

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...

Finra hits Valic Financial Advisors with $1.75M fine for creating compensation conflicts

November 28, 2016

Citing a number of conflicts of interest having to do with the way it compensated brokers selling annuities, the Financial Industry Regulatory Authority Inc. on Monday said it had fined Valic Financial Advisors Inc. $1.75 million. “Finra found...

Next Page »

1 | 2 | 3 | 4 | 5 ... 31