Annuity Market News articles from August 2007

Annuity Market News archives from August 2007

SEC Honcho Lays Down the Law.
August 1, 2007... WASHINGTON-When Andrew "Buddy" Donohue talks, the securities industry listens. So ears perked up when Donohue, director of the division of investment management at the Securities and Exchange Commission, used the word kickbacks in...

To Stay in Same Place, Run Faster.
August 1, 2007... Milliman Actuary Advises VA Issuers to Innovate or Fade WASHINGTON-Variable annuity issuers will have their hands full in the years to come, as they compete with each other, with mutual fund companies and with other types of annuities for...

All Pumped Up About Inflation.
August 1, 2007... Penn Mutual VA Rider Pegs Income Benefit to CPI Today's deferred variable annuities, with their guaranteed lifetime withdrawal benefit (GLWB) riders, do a standup job of protecting investors from two important risks: market risk and...

At Deadline.
August 1, 2007... ING Adds 0.25% Trailing Commission to Annuity ING Fixed Annuities has enhanced compensation to producers who sell its fixed indexed annuities, providing a new "automatic trail" commission that establishes 0.25% compensation per year for...

People Moves.(briefs)(appoinment of andrew mcmahon and jamie shepherdson)(appoinment of elizabeth M. forget)
August 1, 2007... AXA Advisors Appoints McMahon as Chairman; Shepherdson to Lead Life, Annuity Distribution Andrew McMahon has been promoted from chief operating officer of AXA Advisors to chairman. He succeeds Robert S. Jones, who retired from the...

Congress Resurrects Paycheck For Life Bill.
August 1, 2007... Will this time be the charm for the Paycheck for Life bill refiled in Congress this spring? Its backers in the House and Senate are hoping the measure first filed in 2004, will gain some traction on Capitol Hill. "New ideas need to be...

New York Looks Into Dynamic Hedging.
August 1, 2007... The New York State Insurance Department is investigating the adequacy of hedging programs used to cover the risk of variable annuities with guaranteed living benefits. The regulator, concerned that variable annuities with guaranteed living...