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Jackson National extends variable annuity lead
Sales of Elite Access product helps firm stay ahead of Lincoln National, TIAA-CREF and AIG.
Zurich restricts contributions to popular variable annuity contract
Zurich restricts contributions to popular variable annuity contract. Maximum total purchase payments reduced from previous limit of $1 million to just $10,000.
This week's top stories for advisers
As the week comes to a close, it's time to catch up on the advice industry's biggest developments that grabbed readers' attention.
Variable annuity scam architect settles with SEC, admits to wrongdoing
As part of an SEC settlement, ex-broker admitted to running an $80 million scheme that profited from the deaths of terminally ill patients.
GAO report calls for more disclosure of managed accounts in 401(k)s
The Labor Department should require providers to share more on fees, performance and benchmarking, GAO says.
Surrender fees haunt legacy 403(b) plans
As employers move to lower-cost retirement options, some plans charge as much as 8% to switch.
Can an adviser affiliated with an insurance company be fee only? Yes.
State rules on insurance affiliation complicate fee-only status for some CFPs.
Structured product annuities pose challenges for regulators
As Voya plans to be the fifth company offering these newfangled products, regulators still struggle to classify them
Annuity industry pushes SEC for summary prospectus rule
Not on regulator's agenda until March 2015, industry believes sooner action would aid investor understanding.
Variable annuity sales raising concern: Finra official
Product remains at top of investor complaint list and the self-regulator wants to ensure investors understand what they're getting into.
Life insurers turn focus to uncapped indexed annuities
Advisers and investors need to be fully aware of contract terms to explain nuances, answer client questions.
BlackRock raises equity allocation in target date funds
Changes to LifePath Index come as other providers also have sought to increase equity allocations after retirement.
Hartford Financial Services Group names a new CEO
Insurer Promotes CFO to replace previous CEO following a medical procedure related to a brain tumor.
Guaranteed features propel indexed-annuity sales
With low interest rates providing few fixed-income investment options, broker-dealers see these as a good choice for clients, with more growth potential than CDs.
Life insurers show their hands with new VA filings
Regulatory filings reveal new living benefits, investment-focused annuities or exchange offers for existing clients.