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Finra complaint highlights epidemic of abused trust
All brokers and advisers still are subject to principles of human decency, in addition to compliance rules.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Fixed-annuity sales surged in 2013
The U.S. annuity industry enjoyed a strong year in 2013, with sales increasing 4.2% over 2012 to $220.9 billion, mostly as a result of growing demand for fixed annuities, according to a report by The Insured Retirement Institute. Sales of fixed annuities in 2013 grew 16.6% to $78.1 billion. This
SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam
The SEC charged a pair of brokers, an investment adviser and others in an $80 million variable annuity scam that an SEC official called a "calculated fraud exploiting terminally ill patients."
Indexed annuities sales increased by over $5 billion in 2013
Indexed annuities, a fixed annuity that provides a minimum guaranteed rate of interest combined with an interest rate tied tied to movement of an index, accounted for 46.3% of all fixed annuities sold and 27% of total annuities sold in 2013, according to most recent data from LIMRA. Sales of ...
33.3% A+ As of Sept 30. *The bulk of TIAA-CREF's VA assets are generated from group annuity sales of retirement plans, rather than retail sales. N/A = not available. Source: Morningstar Inc.
Unique challenges in handling existing VAs
Variable annuities' myriad contract-specific features, benefits and costs can be baffling, particularly for advisers who encounter them infrequently. But because net assets in these vehicles totaled about $1.8 trillion at the end of the third quarter 2013, according to the Insured Retirement ...
The latest annuity innovation: Contracts with structured products
A new annuity product intended to buffer clients' account values against downside losses is starting to gain interest. Will it catch on across the industry? Plus: Our full Annuities Special Report
Indexed annuities gain popularity while rates remain low
Indexed annuities, long the black sheep of retirement products, are enjoying a wave of popularity among financial advisers grappling with low interest rates.
The latest in annuities strategies
A new report offers a look into the popularity behind indexed and structured product annuities
BlackRock extends reach into retirement business with new funds, indexes
Money manager turns focus to retirement income, distribution vs. accumulation.
Hartford offers to buy back old fixed annuities; about 90,000 contracts affected
Insurer, shrinking its annuity business since 2012, plans enhanced surrender offers
VA market splits on issue of living benefits
Details are incomplete, but it is clear that the filing point to the growing bifurcation in the variable annuity pool of offerings: There will continue to be traditional variable annuities with living benefits, but more and more, carriers will be bringing out products that are largely ...
The ticking time bomb of forced drawdowns on variable annuities
Fine print on older contracts leaves elderly clients in position of losing death benefits.
New year could bring a boon for annuities
Higher taxes may drive interest in variable and indexed annuities; potential of rising rates could inspire new products.
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February 27, 2014