Warning: Creating default object from empty value in /home3/inspo77/public_html/wp-includes/ms-load.php on line 113
All About Annuities » 2011 » December

Outlook 2012: Annuities — Industry at Crossroads, With Weatherford, Greenwald …

Outlook 2012: Annuities — Industry at Crossroads, With Weatherford, Greenwald …News from AdvisorOne: The fact that two major carriers in recent weeks have announced their exit from the annuity business should tell us all we need to know about the health and viability of the industry heading into 2012. If only it were that simple, [...]

Pension statements must be told about shopping around for annuities

Pension statements must be told about shopping around for annuitiesNews from Pensions.co.uk: By Charlotte Beugge Pension customers will have to be told about all their annuity options under a new code of conduct proposed by the Association of British Insurers (ABI). The idea of the code is to encourage more pension customers to shop around [...]

IRI to Federal Insurance Office: Annuities critical to retirement

IRI to Federal Insurance Office: Annuities critical to retirementNews from Employee Benefit News: The Insured Retirement Institute Friday responded to the Federal Insurance Office’s request for comment on how to modernize insurance regulation in the U.S., saying that the nation’s insurance regulatory system needs to be modernized — and insurance products, most notably annuities and [...]

John Hancock Financial Names John G. Vrysen as President, John Hancock Annuities

John Hancock Financial Names John G. Vrysen as President, John Hancock AnnuitiesNews from Sacramento Bee: BOSTON, Dec. 20, 2011 – BOSTON, Dec. 20, 2011 /PRNewswire/ – John Hancock Financial Services has named John G. Vrysen to serve as President of its Annuities business, effective immediately. The annuities business includes fixed and variable annuities, immediate annuities, structured [...]

Annuities: Industry Under Fire As Dying Man Swindled

Annuities: Industry Under Fire As Dying Man SwindledNews from PensionCalculator.org: WIN £250! Free Prize Draw We understand savings, so are giving you the chance to win £250. Just fill out the form below and you’ll be in the running to be our Free Prize Draw winner. Good luck! Household Income: Under 5,000 5,000 – 19,999 [...]

Ottawa closes door on banks selling annuities

Ottawa closes door on banks selling annuitiesNews from Globe and Mail: Ottawa is wading into a high-stakes battle between banks and life insurers, ordering the banks to stop selling products that resemble annuities. The decision is a win for the country’s life insurers and a blow to Bank of Montreal BMO-T, which kicked off this [...]

Houstonian accused of selling bogus annuities to elderly

Houstonian accused of selling bogus annuities to elderlyNews from Houston Chronicle: A Houston man and his San Antonio-based business partner are accused of bilking dozens of older people out of their life savings by selling them bogus annuity policies. Leon Randy Sinclair III, 59, was arrested early Wednesday on charges of misapplication of fiduciary property, [...]

A more animated explanation of annuities, this one from a duck

A more animated explanation of annuities, this one from a duckNews from Reuters: Ducklings are seen at an incubating farm outside Hanoi February 3, 2009. Credit: Reuters/Kham continues on Reuters … Read the full article Related News:

PPI backs annuities as retirement choice

PPI backs annuities as retirement choiceNews from FT Adviser: A 4-page report, The implications of ending the effective requirement to annuitise by age 75, said the majority would still choose the traditional retirement route. Based on PPI modelling, the report claimed a hypothetical high-earning woman investing in capped drawdown at state pension age in 2010 [...]

Annuities are a retirement option, but be wary of fees

Annuities are a retirement option, but be wary of feesNews from USA Today: You’ve stuffed money into your 401(k). You’ve funded your IRA. But retirement is near, and you’re so nervous about the market you don’t know what to do. Thinkstock Your insurance company or your broker might have a suggestion: an annuity. And, because [...]