Variable Annuities
Variable annuity news and analysis, including coverage of registered indexed linked annuity (RILA) contracts.
July 11, 2005
VA Rider Protects Income PaymentsNationwide Financial Services Inc. is adding a retirement income guarantee option for variable annuity holders.[@@]The option, the America's Income Annuity Income Foundation rider, gives ...
July 11, 2005
Shepherdson Returns To AXAAXA Financial Inc. has hired Jamie Shepherdson to be executive vice president and head of the company's AXA Distributors L.L.C. wholesale distribution division.[@@]Shepherdson co-founded ...
July 06, 2005
IMSA Publishes Consumer Annuity GuideThe Insurance Marketplace Standards Association has released a free brochure for annuity buyers.[@@]IMSA, Washington, has posted the brochure on its Web site, at http://www.imsaethics.orgThe ...
July 06, 2005
NASD Punishes Firm For Variable Product Sales ContestsThe National Association of Securities Dealers has imposed a $325,000 fine in connection with allegations about variable product sales.[@@]The NASD has accused the firm, ...
July 05, 2005
Consultant: VA Reinsurance Remains TightReinsurance for variable annuities with guarantees continues to be scarce and costly.[@@]That's the assessment of David Hopewell, a senior actuarial advisor in the Philadelphia ...
June 29, 2005
VA Reinsurance Remains Tight, Consultant AssertsThe availability of reinsurance for variable annuities with guarantees continues to be scarce and costly, according to David Hopewell, a senior actuarial advisor with ...
June 29, 2005
Bank Of America Settles With Mass. On VA Sales To ElderlyBank of America's brokerage unit has agreed to settle a state regulator's complaint that it sold inappropriate variable annuities to older seniors in 2003 ...
June 28, 2005
Spitzer Targets Senior VA SalesSpitzer Targets Senior VA SalesHartford Financial Services Group Inc. received a subpoena last week from New York Attorney General Eliot Spitzer's office in connection ...
June 27, 2005
New York Subpoenas Hartford FinancialThe New York attorney general's office is asking Hartford Financial Services Group Inc. about sales of variable annuities.[@@]The office has sent Hartford Financial, Hartford, ...
June 08, 2005
RBC Project Moves Ahead For Variable Annuities With GuaranteesA minimum floor is now part of the C-3, Phase II project proposalBostonVariable annuity risk-based capital requirements that have a minimum floor cleared a ...