Results for "variable annuities"

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Buffer annuities grow in popularity

February 13, 2018

Buffer annuities, also known as structured or variable-indexed annuities, are starting to gain traction. These products, a cross between indexed and variable annuities, have seen sales surge, as several other annuities have seen sales retreat....

DOL fiduciary rule continues to take toll on annuity sales

February 21, 2018

The Department of Labor fiduciary rule and the interest-rate environment delivered a one-two punch to annuity sales last year, pushing them down for the third consecutive year. Compared with the previous year, overall annuity sales dipped 8%...

Minnesota rep barred for no-show over VA trades ​

February 8, 2018

The Financial Industry Regulatory Authority Inc. has barred former Minnesota broker Brett Ashy for failing to take part in an investigation looking into his sales of variable annuities. Mr. Ashy was terminated as a broker in February 2016 by...

Prudential pivots toward indexed annuities

January 29, 2018

Prudential Financial Inc. Monday announced the launch of its first indexed annuity, the latest variable-annuity carrier to pivot toward the increasingly popular annuity. The variable annuity market has had a rough go in recent years, having...

Finra fines Ameritas $180,000 over VA sales

November 9, 2017

The Financial Industry Regulatory Authority has censured and fined Ameritas Investment Corp. $180,000 for lapses in the supervision of variable annuity sales. In a letter of acceptance, waiver and consent, Finra said that between September 2013...

Finra report hints at trouble with L-share variable annuities

December 8, 2017

Variable annuities sold in an L share continue to turn up as products plaguing broker-dealers and their compliance departments. Finra, in a recent report detailing its examination findings, called out "multi-share class and complex products"...

Next Financial whacked (once again) by Finra

December 7, 2017

Next Financial Group Inc. is back in hot water with regulators and agreed on Tuesday to pay a $750,000 fine to Finra as part of settlement for a variety of violations, including the failure to catch a broker's excessive trading and poor supervision...

Finra orders Morgan Stanley to return $200,000 in variable annuity sale

October 11, 2017

In a continuing focus on improper sales of variable annuities, a Finra arbitrator has ordered Morgan Stanley to rescind a client's variable annuity and return her $200,000 investment. While the arbitrator denied the request of client Jacqueline...

Finra fines Horner Townsend & Kent $275,000 over VA sales

November 15, 2017

The Financial Industry Regulatory Authority censured Horner Townsend & Kent and fined the Horsham, Penn.-based firm $275,000 for failure supervise its brokers' sales of variable annuities. Specifically, Finra said that the firm had not adequately...

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...

Finra cracks down on faulty variable annuity exchanges

October 10, 2017

Finra is continuing its crackdown on variable annuity misconduct this year, following a blistering year of fines related to VA sales in 2016. Two recent enforcement actions from the Financial Industry Regulatory Authority Inc. demonstrate the...

Have annuity sales bottomed out?

November 29, 2017

Annuity sales have fallen to their lowest point in well over a decade, but industry experts believe a turnaround is at hand. Sales among all annuity products in the third quarter were $46.8 billion, the first time since 2002 that quarterly sales...

Finra issues complaint against broker for unsuitable variable annuity sales

April 26, 2017

The Financial Industry Regulatory Authority Inc. has issued a disciplinary complaint against former broker Walter Marino for recommending exchanges of non-qualified variable annuities to two customers without having a reasonable basis for recommending...

Help clients boost returns without increasing risk

April 3, 2017

Private placement life insurance and private placement variable annuities have grown in popularity among financial professionals seeking tax-efficient investment vehicles for their affluent clients. These products enable investors to defer or...

SEC charges four former reps with fraud for VA sales targeting federal employees

July 31, 2017

An earlier version of this story incorrectly implied that the former brokers charged were registered with another securities firm when the allegations occured. The Securities and Exchange Commission has charged four former Atlanta-area brokers...

The leading variable annuities with living benefits

February 22, 2015

Carrier Benefit 65 Year old with a 10 year waiting period (first withdrawal at age 75) Roll-Up info Step-up info Applicable Withdrawal Percentage Annual Withdrawal Amount Current Fee Amount Fixed % Increase Simple/ Compound Highest Anniv. Value...

The top 25 variable annuity providers through independent B-Ds

February 26, 2012

Issuer 2011 indie B-D sales ($M) 2010 indie B-D sales ($M) 2011 % of total sales* 2010 % of total sales* 1 Jackson National $9,094.8 $6,711.5 66.2% 64.0% 2 Prudential Financial $8,172.8 $8,372.4 51.6% 53.8% 3 MetLife $7,467.7 $4,624.2 33.9%...

Advisers fear private equity's reach into VAs

December 20, 2017

Editor's note: This story has been updated with information about the sale of Voya Financial's annuity business. Financial advisers have expressed alarm over recent reports of insurers looking to offload large blocks of variable annuities to...

Indexed annuities sales increased by over $5 billion in 2013

February 25, 2014

Indexed annuities, a fixed annuity that provides a minimum guaranteed rate of interest combined with an interest rate tied tied to movement of an index, accounted for 46.3% of all fixed annuities sold and 27% of total annuities sold in 2013,...

Nationwide's latest VA wrinkle raises eyebrows

February 28, 2011

In an attempt to buffer its variable annuity clients' accounts from market volatility, Nationwide Mutual Life Insurance Co. expects to launch a program that will shift funds into fixed-income investments when the stock markets dip. The insurer...

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