Indexed annuity sales are leading the way and are projected to increase 38 percent in 2023, LIMRA said.
LIMRA says total fourth-quarter sales of annuities are expected to rise 15 percent.
Fixed annuity sales reached an all-time high of $132 billion.
They are expected to target unsuitable sales.
In addition to a $19.75 million fine, the insurer will also pay $189 million in restitution, N.Y. regulators said.
The self-regulatory organization said these and other violations are among the trends it has seen this year.
Allianz has launched an annuity for clients that may provide more funds for retirement.
The ICI’s FactsOnRetirement.org presents the association’s in-depth retirement research.
Roger Zullo was previously barred from the industry by Finra and Massachusetts regulators.
Finra fined Fifth Third Securities $4 million and required $2 million in restitution to customers.
With the DOL rule dead in the water, rule proponents are hoping the SEC creates its own version of the regulation.
The former Jefferson National executive's product is designed to deliver no-load insurance products to fiduciary advisors.
“That’s the speculation,” says one of the 22 plaintiffs seeking to force the DOL to vacate its fiduciary rule.
The firm announces plans to off-load its entire individual fixed and fixed-indexed annuity business.
Finra is on pace to levy just 27 percent of the fines it reported in 2016.
Massachusetts regulators argue that SII Investments improperly sold non-traded REITs to investors.
Annuity sales remain in a prolonged, pronounced slump.
LIMRA will explore how blockchain technology can be implemented in the insurance industry.
The "mutual fund only" platform will reduce fees and standardize compensation for financial advisors, LPL said.
Fidelity Investments announced the launch of two sustainable index funds and a defined maturity fixed-income product.