Recession transforms many spenders into serious savers – NorthJersey.com
saw its fortunes lifted last year by a surge in sales of very conservative retirement savings products: variable annuities designed to mitigate market risk and provide guaranteed amounts of income in the golden years, regardless of how financial
Open VA platform at Ameriprise may be less than open – InvestmentNews
Ameriprise Financial Inc.’s plan to open its brokerage platform to outside variable annuities falls short of the open architecture favored by other independent broker-dealers. The move, which is expected to occur by the end of the second quarter, is
Annuities Offer Steady Income, Big Drawbacks – MSN Money
With traditional, or fixed, annuities, investors buy an insurance policy that pays them a fixed amount of money each month or year until they die. With variable annuities, your payout varies with market conditions. Yet fixed annuities leave one big
Caramadre lawyers argue for dismissal of insurance – Providence Journal
challenged Caramadre in lawsuits that accuse him and his associates of defrauding the companies by deliberately failing to disclose that their investors were purchasing variable annuities in the names of terminally ill people with no
VA companies ready summary prospectuses – InvestmentNews
An insurance industry effort to make summary prospectuses permissible for variable annuities is being received warmly by broker-dealers, despite doubts that the complex products can be described adequately in abbreviated form. The Securities and
Bank Sales Spur Jackson’s VA Growth – Financial-Planning.com
billion as variable annuity sales through banks increased 72.9% from a year earlier to $1.3 billion last year. Barry Lowery, the company’s eastern divisional vice president, said the company had strong sales from both its fixed index annuities
Reining in ‘death benefit’ annuities – Providence Journal
A national group of state lawmakers dedicated to insurance regulation and policy will look at devising a way to rein in the practice of purchasing variable annuities in a stranger’s name, according to Rhode Island Rep. Brian Patrick Kennedy . The
Retirees Shun Certain Financial Service Providers – Credit Union Times
Variable annuities were second in popularity while target payout and absolute return funds earned very little interest, the data showed. Of the 961 respondents surveyed, not one of the 30 firms listed was chosen by more than 10% when asked to name
Recession transforms many spenders into serious savers – NorthJersey.com
saw its fortunes lifted last year by a surge in sales of very conservative retirement savings products: variable annuities designed to mitigate market risk and provide guaranteed amounts of income in the golden years, regardless of how financial
Open VA platform at Ameriprise may be less than open – InvestmentNews
Ameriprise Financial Inc.’s plan to open its brokerage platform to outside variable annuities falls short of the open architecture favored by other independent broker-dealers. The move, which is expected to occur by the end of the second quarter, is
Annuities Offer Steady Income, Big Drawbacks – MSN Money
With traditional, or fixed, annuities, investors buy an insurance policy that pays them a fixed amount of money each month or year until they die. With variable annuities, your payout varies with market conditions. Yet fixed annuities leave one big
Caramadre lawyers argue for dismissal of insurance – Providence Journal
challenged Caramadre in lawsuits that accuse him and his associates of defrauding the companies by deliberately failing to disclose that their investors were purchasing variable annuities in the names of terminally ill people with no
VA companies ready summary prospectuses – InvestmentNews
An insurance industry effort to make summary prospectuses permissible for variable annuities is being received warmly by broker-dealers, despite doubts that the complex products can be described adequately in abbreviated form. The Securities and
Bank Sales Spur Jackson’s VA Growth – Financial-Planning.com
billion as variable annuity sales through banks increased 72.9% from a year earlier to $1.3 billion last year. Barry Lowery, the company’s eastern divisional vice president, said the company had strong sales from both its fixed index annuities
Reining in ‘death benefit’ annuities – Providence Journal
A national group of state lawmakers dedicated to insurance regulation and policy will look at devising a way to rein in the practice of purchasing variable annuities in a stranger’s name, according to Rhode Island Rep. Brian Patrick Kennedy . The
Retirees Shun Certain Financial Service Providers – Credit Union Times
Variable annuities were second in popularity while target payout and absolute return funds earned very little interest, the data showed. Of the 961 respondents surveyed, not one of the 30 firms listed was chosen by more than 10% when asked to name