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Return to big brokerage platforms revives SunAmerica
SunAmerica Annuity and Life Assurance Co. is back in the fight in variable annuity sales after being dropped from or ignored on platforms for the past few years
Health savings account balances rise in June
Balances in HSAs — tax-advantaged medical savings accounts — grew to some $11.7 billion in total assets, reflecting a 31% increase over last year.
Some states rubber-stamping insurance rate hike requests, U.S. says
The U.S. will review health insurer requests to raise premiums for individuals and small businesses at least 10% in 10 states, ruling that local regulators aren't adequately policing rates.
VA customers don’t read prospectuses — and at 200 pages, who can blame them?
A new report finds that VA customers don't read prospectuses — and with the some of the documents running upwards of 200 pages, it's easy to understand why.
Finra to revamp market examination process for broker-dealers
Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies and clearing firms.
Jackson National seen ‘tapping’ — not slamming — brakes in latest VA deceleration
Closing of funds to investors suggests carrier's plan to slow variable annuity sales will be less aggressive than first thought; 'quite modest'
B-Ds ought to review standards of conduct, supervisory procedures for VA sales: Finra lawyer
Finra's variable annuity suitability rule should be old news to broker-dealers, but firms that want to steer clear of an arbitration land mine ought to review their procedures.
Jackson pares funds to curb VA liability
In an attempt to dial back risk, Jackson National Life Insurance Co. will limit the availability of four…
Advisers prepare for end of Jackson variable annuity bonanza
News that Jackson National Life Insurance Co. will curtail sales of its popular variable annuity products — likely by limiting investments — has financial advisers on the lookout for the next best thing and its competitors waiting with open arms for an expected uptick in sales
Jackson National’s VA sales will be dialed back by parent
Variable annuity sales at Jackson National Life Insurance have been surging -- so much so that parent company, Britain's Prudential, has deciced to dial back on the product. Yes, you read that right.
QA3 tangles with insurer over private-placement coverage
QA3 Financial Corp., an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
N.Y. Life shows its pride
In time for Gay Pride Month, New York Life Insurance Co. has launched a LGBT channel on its website to address financial and estate-planning needs unique to the lesbian, gay, bisexual and transgender community
Gender split on target funds
Female retirement plan participants appear to display a greater inclination to place assets in target date funds than in target risk funds
Surprisingly sexy: This sector is being talked up by analysts
Who'd a thunk it? Life insurers, now cash-rich, have rebounded nicely from the financial crisis. But their shares are still cheap compared with those of banks, analysts say.
Treasury set to offer guidance on income products
Aiming to curb the number of individuals who are likely to outlive their retirement savings, the Treasury Department soon will offer guidance on lifetime income options that 401(k) plan participants should have available when they retire
Aviva fleeced in church scam, suit claims
Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming that they fraudulently sold coverage to some 119 church members
Split AIG into two units, former chairman says
Bailed-out insurer AIG should be broken up eventually because its two main businesses have “no strategic fit between them,” according to Harvey Golub, its former chairman
Jackson temporarily shuts off access to Stattman fund in VAs
Jackson National Life Insurance Co. has temporarily closed off access to the JNL/BlackRock Global Allocation fund option in the carrier's variable annuities.
Jackson National to decelerate VA juggernaut
Jackson National has announced it will attempt to slow down sales of it sgenerous variable annuity contracts. How it plans on going about this is another proposition.
Annuity fees a turnoff for clients and advisers
Products are 'difficult to assess,' commission-based distribution seen as a problem