The agency’s request for comment adds more uncertainty to the drawn-out soap opera that is its fiduciary rule.
The largest U.S. provider of variable annuities plans to re-assign management of $3.5 billion to DoubleLine Capital.
LIMRA anticipates most annuity sales will continue to drop because of uncertainty about the DOL fiduciary rule.
Retirement income is a moving target, but many advisors rely too much on strict "rules of thumb" when planning.
Fixed and fixed-income annuities were the exception, says the Insured Retirement Institute.
Annuity revenues fell to $253 billion last year.
Americans are suspicious of annuities, despite wanting many of the benefits they can offer.
A group of firms are accusing the Hartford of leaving behind its legacy variable annuity customers.
AIG will offer a variable annuity designed for the fee-only advisor segment.
For Prudential Financial Inc., pension plans are a pathway to growth.
The LIMRA Secure Retirement Institute predicts a one-year decline in annuity sales before the market stabilizes.
Some brokers are inappropriately convincing clients to trade them on a relatively short-term basis.
Finra fined Valic for failing to manage conflicts when moving assets from variable annuities to its fee-based advisors.
Fidelity and Vanguard question the long-term impact on their VA platforms.
Finra fined eight firms $6.2 million for failing to supervise VA sales and ordered five to pay customers more than $6 million.
The new unit will focus on variable annuities and life insurance sold to individuals.
Cetera will continue offering commisssion-based products.
Stephanie Thomes and Johan Grahn join Allianz.
403(b) plans will be a growing area of the retirement-plan market.
Nationwide will purchase Jefferson National, citing the DOL's fiduciary rule as a reason.