Pair of Senators honored for efforts to advance retirement security

Senators Orrin Hatch and Jon Tester honored with the Insured Retirement Institute’s “Champion of Retirement Security Award” at a Washington, D.C. event.

Annuities Discussion

Recent Annuities News

Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast...

While 2017 annuity sales totals are still tracking toward a decline, the Institute has revised its 2018 forecast and now predicts a 5% increase of overall annuity sales next year.

Lincoln Benefit Life being acquired; may resume life and annuity sales

A North Carolina company has entered into an agreement to buy LBL in a deal expected to lead to Lincoln Benefit Life back into selling life insurance and annuity products.

IRI inducts trio to Hall of Fame, names Top Industry Influencers Under 40, announces...

Insured Retirement Institute recognizes industry thought leaders at VISION 2017 annual meeting in Florida.

Annuity sales for first six months of year at lowest level since 2001

DOL Fiduciary Rule seen as cause for declines in most categories as two major annuity sales quarterly reports are released this week. Indexed annuity sales on pace for 5-10% decline in 2017; VA sales expected to drop 10-15%, falling below $100 billion for first time since 1998.

Phase II of Fiduciary Rule implementation to be delayed 18 months

Department of Labor proposal released Wednesday would extend the transition period and delay of applicability from Jan. 1, 2018, to July 1, 2019.

IRI submits new data exposing detrimental impact of DOL Fiduciary Rule

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.

Next wave of fee-based FIAs hit the market

In the wake of the DOL Fiduciary Rule, the fee-based fixed indexed annuity movement continues to gain momentum with the introduction of new products this month from Nationwide and Symetra.

DOL wants more public input on Fiduciary Rule

Comments - some due by July 21 - seek input on whether to delay the Jan. 1 full implementation date and suggestions for streamlining the Rule's major provisions.

Resources being rolled out to help with partial Fiduciary Rule compliance

With the DOL Fiduciary Rule now partially in effect, an increasing number of new tools are being introduced to help advisors and insurance agents comply in the new environment.

Partial Fiduciary Rule implementation starts Friday – with no enforcement

Expanded definition of who is a fiduciary and impartial conduct standards set to take effect June 9, but DOL won’t enforce provisions until start of next year.

Annuities Articles Archive