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Variable Annuities Articles
Industry-wide annuity sales rose to $59.9 billion in this year's second quarter, a 9.9 percent increase from last year.
The acquisition makes Great-West Financial the second largest provider in the U.S. defined contribution market with nearly 7 million participants, says the firm.
David Lau, Jefferson National Financial’s chief operating officer, has vacated the post after nine years with the company, company officials confirmed today.
Prudential Plc, the largest U.K. insurer by market value, extended its lead in U.S. variable annuity sales at its Jackson National Life unit as rivals scaled back.
Jeff Pruitt has joined the firm from PNC Asset Management.
Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer to replace Liam McGee, who is stepping down after a medical procedure related to a brain tumor.
Veteran annuity researcher Frank O’Connor has joined the association from Morningstar.
The need for annuities is there, but do advisors want to step into the breach?
Seventy-two percent of U.S. adults say they either don't have lifetime income options in retirement or are unaware of whether their employer offers them, according to a TIAA-CREF survey.
Three out of four advisors surveyed said their clients are receptive to annuities, with the most popular features being guaranteed income and principle protection.
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