Annuity Market News articles from August 2004

Annuity Market News archives from August 2004

At Deadline.
August 1, 2004... New AIG Funds Similar To Equity Index Annuities AIG SunAmerica Asset Management Corp. has launched a series of three mutual funds designed with a set maturity date. The 2010 High Watermark Fund, 2015 High Watermark Fund and 2020 High...

Regulators Reprimand Insurance Industry.
August 1, 2004... WASHINGTON - Regulators who once thought that self-governance was, for the most part, working, are now expressing frustration that the system has failed to adequately protect investors. While broker/dealers are on the front line of variable...

Interest Rates Could Hit VA Money Funds.(Variable annuity)
August 1, 2004... Variable annuity money fund investors and their advisers could be in for a surprise. If interest rates spike quickly, a recent report by the Federal Deposit Investors Corp. (FDIC) warned, some money fund net asset values could break a...

IVA Market Needs to Reinvent Itself.
August 1, 2004... RESTON, Va. - In the face of the imminent retirement of millions of Baby Boomers, the insurance industry is still struggling to make headway with immediate variable annuities (IVAs). At the Retirement Income Conference sponsored by the...

People Moves.
August 1, 2004... Allmerica President Hug Joins Prudential Financial Prudential Financial has hired Mark Hug as vice president and chief marketing officer for individual life insurance. Reporting to Jim Avery, president of individual life, he replaces...

Inviva Revamping Electronic Annuity.
August 1, 2004... After a period of silence that many considered to be the beginning of a spiral into oblivion, Inviva has announced two new variable annuities with shorter contingent deferred sales charge, or L-shares. Jefferson National Life Insurance Co.,...

Index Annuity Sales Continue to Zoom.( )
August 1, 2004... Sales of index annuities continued to climb during this year's first quarter, reaching $4.19 billion, a 29% jump over the same period in 2003 and a 12% advance over the previous quarter, according to the Advantage Group, a research and...