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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.
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
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 ...
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.
Variable annuity sellers clamp down on payments to existing contracts
Two of the largest variable annuity sellers sharply pulled back on additional premiums into existing contracts during a busy third quarter for the sellers.
Third quarter lifts insurers' VA businesses
The markets have been kind to investors in variable annuities during the third quarter — which means they've been even more generous to the insurers that have sold the products in the first place.
Jackson exempts certain advisers from VA exchange suspension
Jackson National Life Insurance Co.'s temporary halt on tax-free exchanges of variable annuities is in effect until Dec. 16 — but it turns out not everyone is subject to the suspension.
Lincoln National: Variable annuity sales are up, and there's still room to grow
Lincoln National's variable annuity deposits hit $3.4 billion at the life insurer during the third quarter, reflecting a 56% increase from the year-ago period, but execs want to shift more to contracts without living benefits.
Demand forces Jackson National to halt VA exchanges temporarily
Seven-week block applies only to products with guaranteed living benefits, not fixed and indexed annuities.
Gundlach to oversee $450M in annuities push
Jeffrey Gundlach, manager of the top-performing DoubleLine Total Return Bond Fund, is expanding to variable annuities by subadvising a fund modeled after his flagship for Prudential PLC's Jackson National Life Insurance Co.
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February 27, 2014