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The Insured Retirement Institute’s Aug. 7 comment letter says evidence demonstrates negative consequences the rule is already having on retirement savers and the industry.
Labor Secretary Acosta announces initial implementation will begin June 9 as the agency will continue to review the rule up until final implementation on January 1, 2018.
Annuity sales decline in first quarter on DOL rule worries; variable, fixed sales forecast to drop 10-15% in 2017LIMRA Secure Retirement Institute expects overall sales in 2017 to fall below $200 billion, which would be the lowest annuity sales have been since 2001.
Brighthouse Financial, an operating segment of MetLife, announced Monday it is now offering its suite of annuity and life insurance solutions under the Brighthouse Financial brand.
Protecting and expanding retirement security access is goal of IRI’s just-released 2017 advocacy blueprintThe Insured Retirement Institute released its 2017 Retirement Security Blueprint Monday, which will be used to engage Congress and the Trump Administration in a dialogue advocating policies to help Americans achieve a secure and dignified retirement.
Total fixed annuity sales hit a record-breaking $117.4 billion, 14% higher than 2015 levels according to newly released LIMRA data. Fixed indexed annuities also set a record, but variable annuity sales declined 21%.
A new report from IRI concludes that holistic planning with a focus on income-generating strategies will help advisors address a demographic-driven growing demand for lifetime income.
Market compensation survey to help firms satisfy ‘reasonable compensation’ standard under new DOL ruleThe Insured Retirement Institute is partnering with Milliman to conduct a survey of compensation practices regarding sales of annuities and other investment products intended to help financial advisors comply with the reasonable compensation standard under the Department of Labor’s (DOL) fiduciary rule.
Variable Annuities Forums Topics
I spoke with a friend of mine today, and he tells me that his "FLA 215 lic, will no longer allow him to sell Variable Annuities in Fla? Even the 215, issued by the "state of Florida" says on it, licensed to sell Variable annuities. * What's the word...is this true? * Is this true for all companies? thanks for your input... ~G...
As preparations are underway for the new DOL Fiduciary Rule implementation next year, sales figures this year are showing fixed indexed annuity sales are soaring while variable annuities are tanking. Are you seeing this? And any surprises among the top 10 in 2016 YTD indexed annuity sales? 1. Allianz Life of North America - $5,838,461,000 2. American Equity Investment Life - $3,213,473,000......
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