Annuity Market News articles from June 2006

Annuity Market News archives from June 2006

Insurers, Regulators Seek Consistency For Annuity Sales at Roundtable.
June 1, 2006... More consistent ways must be found to deal with annuity sales suitability, disclosure, supervision and training, panelists at an annuity roundtable in Washington agreed last month. But the open question at the forum, sponsored on May 5 by...

Independent Brokers Pose Money-Laundering Risk.
June 1, 2006... Annuities and life insurance policies, particularly those sold by independent brokers, are being used by money launderers, a government study reports. The report, "U.S. Money Laundering Threat Assessment," specifically cites the...

Bank Annuity Sales Begin Year Flat.
June 1, 2006... Sales of annuities through banks were flat in January, according to a report prepared by Ken Kehrer Associates (KKA), of Princeton, N.J., and Jackson National Life, of Lansing, Mich. The Kehrer-Jackson report pegged January bank annuity...

At Deadline.(Securities and Exchange Commission and the North American Securities Administrators Association make law for protection of elderly investors)
June 1, 2006... Regulators Heighten Protection for Elderly The Securities and Exchange Commission and the North American Securities Administrators Association are working together to protect elderly investors from investment fraud and the sale of...

People Moves.(New York Life Insurance Co. promotes John J. O'Gara and Nicholas E. Pasyanos)(Hartford Financial Services Group Inc. appoints Tom Tooley)(Prudential Annuities of Prudential Financial Inc. appoints Bradley Powell )
June 1, 2006... New York Life Promotes Two in Individual Life New York Life Insurance has promoted two executives in its individual life department to vice president. Assuming that position now are John J. O'Gara and Nicholas E. Pasyanos, both of whom...