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Under regulatory pressure, Voya restricts sales of more variable annuities
Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers.
MetLife launches first longevity annuity for individual clients' retirement accounts
Latest product comes as qualified longevity annuity contracts look for a place in retirement accounts.
Freeing variable annuities from information overload
Investment product-marketing materials inevitably come with the warning: Read the prospectus carefully before investing. But do investors really read them? Not many. Do those who read them understand them? Hardly. This reality has gotten regulator attention — at least when it comes to mutual funds.
Support grows for strengthening variable annuity disclosures
A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.
Willis Group and Towers Watson to merge
The newly combined advisory and insurance company will be named Willis Towers Watson and have revenue of approximately $8.2 billion.
Perez calls out variable annuities in argument for DOL fiduciary rule
Using an anecdote critical of VAs, Thomas Perez says most people are better served by simple investments.
Voya restricts variable-annuity sales under regulatory pressure
In response to Finra's warning on suitability, the firm's affiliated brokers will no longer sell certain types of L share annuities, a move that puts the company in line with other B-Ds.
Raymond James bolsters indexed annuities and life wholesaling with acquisition
Deal with insurance marketer Producers Choice is expected to give the broker-dealer greater control over the way annuities are wholesaled to its advisers.
Latest twist on the annuity hits the market
Natixis launching 'retirement spending account' through advisers; other companies expected to follow with me-too products.
Nationwide to pay $8M to settle with SEC over variable annuity mail snafu
Insurer charged after agency found it deliberately delayed receipt of variable annuities and life insurance orders, resulting in a failure to price them in a timely manner.
Broker-dealers face administrative hurdles in rollout of QLAC annuity
Confusion remains over who ensures the contract purchase meets Treasury's guidelines.
Time may have come to eliminate sales incentives in the annuities business
As the financial services industry moves toward a fiduciary standard, prizes for top insurance sellers smack of conflict.
Spring variable annuity prospectuses and updates are here
First quarter regulatory filings suggest that insurers aren't ramping up big new product releases but hybrid annuites appear to be making a comeback, with Voya charging back into the market.
Dividend stocks might be a better than annuities for income investors
Breakfast with Benjamin: Could dividend stocks actually be a better deal than an annuity for income investors?
New York Life raises the living benefit stakes — on a fixed annuity
Can the new product compete against its variable and indexed annuity cousins?