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Rule 151A might be on the chopping block
Congress might consider reversing the idiotic Rule 151A, which brings indexed annuities into line with securities and thus under the purview of the SEC, effectively shutting insurance agents out of the...
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Court: SEC needs to reconsider Rule 151A on indexed annuities
A federal court has told the U.S. Securities and Exchange Commission to reconsider its controversial Rule 151A, saying that while it supported federal oversight of the products over confusing state...
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Court finds that SEC didn’t properly evaluate Rule 151A for indexed annuities
Surprise! A federal court has said that the SEC did not follow guidelines when implementing Rule 151A, so the court is telling the SEC that it must re-evaluate the mandate and fully consider its impact...
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Indexed annuity sales can’t overcome variable, fixed annuity declines
Variable annuity sales, after falling 26% in the first six months of last year, perked up enough to erase some of those losses for the entire year, LIMRA reported. Meanwhile, indexed annuities showed...
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The Phoenix unveils new indexed annuities series
The Phoenix Cos. introduced a new series of indexed annuities it says brings flexibility and diversification to the marketplace. The Connecticut-based company unveiled Phoenix Reflections Bonus 10,...
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Federal appeals court strikes down Rule 151A
A federal appeals court has voided Rule 151A, a regulation that would have treated indexed annuities as securities, placing them under the U.S. Securities and Exchange Commission. The U.S. Court of...
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Indexed annuities remain as insurance product with Dodd-Frank Act
The financial services reform legislation approved this month assures that indexed annuities will remain regulated as insurance products, not securities. Tom Harkin The Dodd-Frank Wall Street Reform...
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Indexed annuity set record for second straight year
Indexed annuities had record sales for a second consecutive year, reaching $32.1 billion, according to LIMRA’s analysis of sales. The increase was 7% more than 2009 results, according to the analysis,...
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Variable annuities set pace for 16% overall rise in annuity sales
Annuity sales increased 16% in the first quarter, reaching $60 billion, with variable annuity sales leading the way with a 24% increase in sales over the same period last year. Fixed annuities showed a...
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New indexed annuity offerings offer salve for burned investors
Variations on the indexed annuity offerings are providing a growing number of pre-retirees and retirees with new financial planning options. Dana Pedersen “They are a great story right now,” said Dana...
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Indexed annuities are bright spot among flagging overall annuity sales
Indexed annuities are the bright spot, growing in sales while the economy continues to slow other annuity sales, according to a new LIMRA analysis. Overall annuity sales in the second quarter fell 4%...
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Report: Indexed life, indexed annuities set consecutive sales records
FROM A COMPANY-SUPPLIED PRESS RELEASE Indexed Life & Indexed Annuities Set Consecutive Sales Records In 2012 AnnuitySpecs.com Releases Fourth Quarter, 2012 Indexed Sales Results Pleasant Hill,...
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Indexed annuity sales break previous record: Wink Report
Total fourth quarter indexed annuity sales for 2014 were $11.9 billion, up 4.0% when compared to the previous quarter, and up 3.5% when compared with the same period in 2013, according to the 70th...
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