Policy effectively creates a dual approach for Merrill's 17,000-plus advisers.
Ohio National cited the regulatory climate and sustained low interest rates as reasons why it was going to stop selling annuities.
The regulator said the lack of supervision raised concerns that investors were sold more expensive share classes that weren't suitable for them.
Downside protection and upside caps without the commission or lockups that come with VAs.
Clock, partisan divisions could stymie adviser regulation reform, HSA contribution limit increase
But the election of Donald Trump gained those firms back $56 billion in market value, as investors expected a rollback of financial regulations.
Mr. Fisher's company formerly held tens of millions of dollars in the stock of major companies selling indexed and variable annuities.
James E. Grimes accused Trustmont Financial of breaching fiduciary duty in a case related to two annuity exchanges and a private REIT.
Two dozen insurance companies and mutual fund firms form the new group to reframe perceptions and boost product awareness.
In all, around 370 advisers sold the Future Income Payments, according to plaintiff's attorneys
As they approach retirement, people are concerned about market volatility, yet aware that they still need to grow their nest eggs
Indexed annuity sales also broke their previous quarterly sales record.
Insurer hopes Envestnet's technology will help reintroduce annuities to fee-based advisers.
The cost increases, approved by regulators in the second quarter, affect roughly $160 million of in-force premiums.
If you can't guide retirees through income distribution, it could prove costly. Learn tips and strategies to help get started helping clients through this new stage in life.
Eight broker-dealers censured for supervisory laxity in monitoring VA exchanges.
The new language, which is still subject to change, explicitly states what had largely been assumed.
Workers who use tax-advantaged health savings accounts are younger, richer and more educated.
People are healthier and living longer than ever, and MIT AgeLab's Joe Coughlin says advisers are primed to take advantage.
State insurance commissioners don't include life products in their annuity suitability reform.
