Displaying 36 results
Annuity sales leaderboard changes as more sales go indie
Fixed annuity sales broke records, pushing Athene Annuity & Life to top-seller status.
MetLife floats a VA buyout offer
The firm would shift variable annuity values to fixed-interest-rate accounts for clients who accept it.
Annuity sales surge 39% in second quarter
Variable annuity sales jump 55% to $32.8 billion in Q2, marking the highest quarterly sales in that category in nearly six years, according to the Secure Retirement Institute.
Principal to halt sales of retail fixed annuities, consumer life insurance
The insurer will also pursue sales of blocks of those assets that are already in force. It said that it will continue selling variable annuities.
Structured note platform adds annuities
Halo Investing will offer fixed, variable and registered index-linked annuities from several carriers.
Cure the harm Trump administration caused savers
Data suggest that the adoption of the SEC’s vague Regulation Best Interest and the abandonment of a strengthened DOL standard for retirement accounts have already cost savers billions of dollars in lost returns.
Jackson National to be spun off by UK insurer Prudential
An initial public offering of a stake in Jackson, one of the biggest annuities providers in the U.S., will be held in the first half of 2021, according to a Prudential statement.
Fixed-rate deferred annuity sales rebound in Q3
But total annuity sales year-to-date are off 13% from 2019
Third-quarter annuity sales higher than in Q2, but below 2019 levels
VA sales drop 10% in Q3, while fixed annuity sales increase 11%
Low-cost VA for RIAs introduced by RetireOne and Protective
The variable annuity product has mortality and expense fees of 30 basis points
Finra sanctions two Wells Fargo B-Ds for failure to supervise VA switches
Firms will pay $1.4 million in restitution to about 100 clients and fines of $675,000
Annuity sales down 24% in Q2
Nearly all types of annuities fell by double digits due to low interest rates and fallout from COVID-19
Advisers misjudge client interest in annuities: Survey
Consumers are interested in guaranteed income products, but not when they're called annuities
Raymond James sues Ohio National for $10 million in VA commission fight
Raymond James is the latest broker to join the tussle over compensation on the insurer's variable annuities
By the Numbers: Annuity sales
InvestmentNews Chief Content Officer George Moriarty talks about how annuity sales fared during the first quarter
Another broker sues Ohio National over VA commissions
Somerset Securities recently filed a case against the insurer over its 2018 decision to halt trail commissions on certain variable annuity contracts
VA sales up, fixed annuities down: LIMRA report
Low interest rates drove investors away from some products, but that may change, according to the organization's Secure Retirement Institute
Transamerica VA targets fee-based advisers
The insurer added a new low-cost variable annuity product without living benefits
Investor advocate says variable annuity summary prospectus lacked sufficient testing
The SEC says in the final rule that it solicited feedback on hypothetical forms
SEC adopts rule to streamline variable annuity, variable life prospectuses
Summary prospectuses will be considerably shorter than the documents customers currently receive
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