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MetLife is second major insurer to exit the brokerage business, in the sale of adviser unit to MassMutual
MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.
The DOL fiduciary rule could push these firms’ variable annuity sales even lower
Only one firm, MetLife, posted any substantial gains, as market volatility and fixed indexed annuities cut into VA business.
Insurers slow to introduce QLACs for 401(k) market
The retail audience has been a much more popular route for these longevity annuity products.
MetLife wins court ruling to remove ‘too big to fail’ label
Classifying America's biggest life insurer as a systemically important financial institution gets rejected by a federal judge.
Fidelity suspends MetLife annuity sales as insurer mulls breakup
The second-largest U.S. mutual fund company stopped sales of MetLife's annuities in light of uncertainty surrounding a possible sale of its retail unit.
MassMutual enters long-term distribution deal for MetLife fixed indexed annuities
The deal is part of a broader deal announced Feb. 29 between the two insurers, which includes the purchase of MetLife's Premier Client Group.
Advisers shouldn’t sweat MetLife’s U.S. retail split
Insurer says the spinoff would be financially strong, and insurance contracts would remain with their original carriers.
Finra to seek a ‘significant fine’ from MetLife over variable annuity sales
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
Insurers adding optional death benefits to IOVA contracts
The optional features allow for more investor choice and seek to capitalize on strong IOVA sales.
Fidelity throws its weight behind longevity annuities
The Boston retirement-services giant is giving its clients a new option for planning for the costs and risk of living longer by making deferred-income annuities available for retirement plans. (See also the Top 10 annuity sellers in the second quarter.)
MetLife launches first longevity annuity for individual clients’ retirement accounts
Latest product comes as qualified longevity annuity contracts look for a place in retirement accounts.
MetLife files suit to fight ‘too big to fail’ status
Breakfast with Benjamin: The firm files suit against the Financial Stability Oversight Council, charging them with acting as 'judge, jury and executioner.'
Spring variable annuity prospectuses and updates are here
First quarter regulatory filings suggest that insurers aren't ramping up big new product releases but hybrid annuites appear to be making a comeback, with Voya charging back into the market.
MetLife plans to sue to overturn Dodd-Frank systemic-risk label
The insurer will be the first non-bank to argue that its failure would not pose a threat to the financial system.
MetLife gets back in the variable-annuity-with-living-benefits game
Guaranteed lifetime withdrawal benefits are back
When undervalued stocks are expensive
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by InvestmentNews senior columnist Jeff Benjamin.
Cetera to buy two of MetLife’s indie B-Ds
After weeks of speculation, Cetera CEO Valerie Brown on Friday announced the company is buying two of MetLife's broker dealers. Bruce Kelly supplies the details.
Insurer’s B-Ds may be Cetera’s next target
Industry watchers say acquisitive broker-dealer Cetera may be eying two of the insurer's B-Ds.
MetLife to bar new additions to VAs with old income riders
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Study says VA opportunities remain for lower-profile carriers
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
