Variable Annuities

Displaying 549 results

Topic

American Funds to chop fees, change management on five VA funds

The changes, which take effect May 1, mark the second time in a year that the company has significantly altered its insurance-series funds to make them match their better-known retail counterparts.

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Triad Advisors dinged $194,000 by Finra over supervision

Short-term mutual fund trades and variable annuity switching is generally regarded in the retail securities industry as a way for brokers and advisers to increase commissions at the expense of clients.

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Annuity sales spike as investors sought protection in Q4

Total U.S. annuity sales hit $58.7 billion in the last three months of the year, up 2% from the $57.6 billion during the same timeframe in 2019, according to data published by Limra’s Secure Retirement Institute. But sales were down for the full year.

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Momentum picks up for state-level best interest rule on annuity sales

Arkansas and Michigan become the latest states to adopt the National Association of Insurance Commissioners model rule

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Finra hits Transamerica with $8.8 million sanction

The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products

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Transamerica to halt sales of VAs with guarantees, fixed annuities

The decision follows a similar one by Prudential Financial to stop selling variable annuities with living benefits, amid extremely low interest rates

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DOL lifetime income rule under fire from lawmaker

Sen. Richard Neal, D-Mass., criticized the measure for not including an assumption that 401(k) balances appreciate

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Fixed-rate deferred annuity sales rebound in Q3

But total annuity sales year-to-date are off 13% from 2019

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Third-quarter annuity sales higher than in Q2, but below 2019 levels

VA sales drop 10% in Q3, while fixed annuity sales increase 11%

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Low-cost VA for RIAs introduced by RetireOne and Protective

The variable annuity product has mortality and expense fees of 30 basis points

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Obama-era fiduciary rule cut sales of expensive annuities: Study

Even though a federal appeals court vacated the measure in 2018, its impact lives on

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Just say no to annuities, one-third of RIAs say: Survey

More advisers are becoming open to the products, but many still don't like their costs, complexity and lack of liquidity

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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

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In a bad year for annuities, these products are selling best

Some types of annuities are getting a lot of attention even though sales are down overall

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One PEP for all clients: Retirement Income Summit day four

The Secure Act provides numerous opportunities for advisers, and annuities are part of that, panelists said

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Watch that RMD deadline, and other advice from the Retirement Income Summit

Despite the relief provided by the CARES Act, people are more worried about retirement than ever, and their concept of it is changing, panelists said

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Advisers might be warming to annuities: Report

This year's volatility has some near-retirees worried about protecting their assets, and the insurance products are one way of doing that

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Annuities and the ‘great retirement reset’

As COVID-19 has interrupted the retirement plans of millions, these products can play a role in their planning going forward, insurance execs said at the Retirement Income Summit

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Trade association pushes retirement savings provisions for next COVID relief bill

The Insured Retirement Institute calls for raising RMD age, allowing catch-up retirement contributions

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SEC orders AIG unit to pay $40 million for disclosure violations in teacher retirement plans

Effort highlights agency’s teacher initiative, but expert calls it ‘slap on wrist’