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.
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.