Variable Annuities

Displaying 553 results

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Insurance products are morphing into securities

Carson Group Excell conference whets the appetite of advisers looking for fee-based insurance products.

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VA settlement could lead RIAs, insurers, states to ramp up oversight

The case shows California is paying attention to annuity recommendations made through RIAs, and other state insurance departments could follow its lead. The settlement could also lead insurers and licensed third parties that work with RIAs to scrutinize recommendations more carefully, if they don't already vet them closely.

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Ohio National broker pitched VA trades as ‘infinite banking’: Finra

The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.

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Ohio National fends off VA trail commission suit, others remain

The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.

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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