While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
While target marketing usually means targeting a specific audience, sometimes a product target also can bring success.
The two were among a group of ex-Marsh executives who were charged in a criminal indictment in September 2005.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
The all-in-one rider provides an income step-up to 200% of the initial guaranteed amount 10 years into the policy.
The Charlotte, N.C.-based bank collected $483 million in annuity fees, or 0.06% of $782.8 billion in assets.
The <a href=/assets/docs/CI39631220.PDF>assessment</a> details areas where reciprocity and uniformity initiatives must improve in U.S. states.
Warren Buffett faced is facing criticism after Moody’s Investors Service — in which he is the largest stakeholder —told bond insurers to accept a bailout.
Today’s Supreme Court decision will impact 50 million workers with $2.7 trillion invested in 401(k) plans.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosure on fixed and indexed annuities.
Officials have testified that the time is right for a federal insurance regulator.
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Despite initial concerns about portability, cost and complexity, annuities in defined contribution plans are slowly gaining momentum, according to a new report.
Of all the firms targeted by Eliot Spitzer when he was cleaning up abuses on Wall Street, none suffered more than Marsh & McLennan Cos.
