Results for "fixed annuities"

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One of industry's last holdouts, NAIFA elects its first female president

September 4, 2014

For the first time since it was founded in the early 1890s, the National Association of Insurance and Financial Advisors will be led by a woman, starting next week. Juli McNeely will be installed as NAIFA president Monday during its annual conference...

Jackson National extends variable annuity lead

August 19, 2014

Jackson National Life, owned by UK-based Prudential Plc, extended its lead in U.S. variable annuity sales at its unit as rivals scaled back. Jackson sold $12.7 billion of the retirement contracts in the first six months of 2014, an increase...

Can an adviser affiliated with an insurance company be fee only? Yes.

July 21, 2014

For nearly two years, the issue of compensation descriptions has roiled the investment-advice business. The topic becomes even trickier when insurance licenses are thrown into the mix. Whether investment advisers like it or not, the Certified...

Structured product annuities pose challenges for regulators

July 9, 2014

Structured product annuities are the latest retirement product but they are so new that regulators are struggling to figure out the best way to classify them. These contracts, dubbed hybrid or buffered annuities, use structured products to absorb...

BlackRock raises equity allocation in target date funds

June 25, 2014

BlackRock Inc. today announced it would raise its equity allocation in its LifePath Index target-date funds, keeping younger investors fully invested in stocks even longer and bumping up stocks at the landing point of retirement. Under the current...

Hartford Financial Services Group names a new CEO

June 9, 2014

Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer to replace Liam McGee, who is stepping down after a medical procedure related to a brain tumor. Mr. Swift, the 53-year-old chief financial officer who...

Guaranteed features propel indexed-annuity sales

June 6, 2014

Just as living benefits helped drive broker-dealers' variable annuity feeding frenzy years ago, these guaranteed features appear to be propelling firms' sales of indexed annuities. Broker-dealers and wirehouses have taken a particular shine...

Fixed-annuity sales rise even though rates are rock-bottom

May 5, 2014

The traditional fixed annuity — a product that credits a fixed rate of interest over a stated period of time — is heating up at broker-dealers. For example, LPL Financial reaped some $46.7 million for the first quarter in commission revenue...

Fixed annuity sales receiving added scrutiny from Finra

May 2, 2014

With broker-dealers selling a bigger share of indexed annuities, securities regulators are taking a closer look at policies and procedures around clients exchanging or giving up variable annuities in order to put those assets into products such...

Account opening is No. 1 tech concern: Survey

April 2, 2014

The challenge of capturing account-opening data has replaced social-media archiving as advisers' primary technology concern, according to a survey conducted by advisory think tank Beacon Strategies. In fact, 96% of the 55 broker-dealers surveyed...

Indexed annuities gain popularity while rates remain low

February 23, 2014

Indexed annuities, long the black sheep of retirement products, are enjoying a wave of popularity among financial advisers grappling with low interest rates. Indexed annuities are a type of fixed annuity that credits clients' accounts with a...

ING wins fixed-annuity deal as Allstate narrows focus

December 9, 2013

ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products. The deal gives ING U.S. access to one of the...

Fixed-annuity sales driven by frustration with low interest rates, thirst for income

December 6, 2013

Fixed-annuity sales in the third quarter reached their highest level since 2009, topping $22 billion. That number represents a 31% rise from the previous quarter and more than a 35% increase from the same period last year, according a report...

Dynasty branches out to the insurance side

June 3, 2013

Dynasty Financial Partners LLC has launched a new service, Dynasty Insurance Services, to support its network of 18 firms in writing fixed-life-insurance, annuity, disability and long-term-care contracts. With advisers leaving wirehouses and...

Axa latest insurer to yank generous VA options

April 1, 2013

The variable annuity industry continues to shudder as companies become even more cautious in their offerings. Axa Equitable Life Insurance Co. last month notified clients that it will drop 26 investment options from its Accumulator variable...

The case for fixed-indexed annuities

December 9, 2012

So far this year, somewhere around $34 billion worth of fixed-indexed annuities have found their way into Americans' retirement portfolios. Though that's well below the $80 billion in variable annuities purchased, the gap is closing. And there...

Guggenheim's Security Benefit Life climbs among top fixed-annuity players

December 4, 2012

Security Benefit Life Insurance Co. helped push indexed-annuity sales to record levels in the third quarter, illustrating that offerings from private-equity-owned firms are no flash in the pan. The Guggenheim Partners LLC-backed insurer made...

Advisers not very confident on their annuity know-how

October 19, 2012

Despite their clients' interest in guaranteed income, many advisers still hesitate to recommend annuities. Much of that uncertainty appears to be tied to lack of understanding and experience with the insurance products, according to research...

Mutual insurers ramp up development of deferred-income annuities

October 2, 2012

Amid all the cooling in the annuity development space, one area is picking up steam: deferred-income annuities, or longevity insurance. On Monday, Northwestern Mutual Life Insurance Co. announced the release of its Select Portfolio Deferred...

GM follows in Ford's tracks, offers lump sum to retirees

June 1, 2012

Apparently, as Ford Motor goes, so goes GM. General Motors Co. on Friday announced plans to cut its pension obligation by $26 billion by offering lump-sum payments to about 42,000 white-collar retirees. The nation's largest automaker is also...

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