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All About Annuities » 2014 » January

When clients read the Sundays: Three FOS case studies on annuities advice

When clients read the Sundays: Three FOS case studies on annuities adviceNews from ifaonline.co.uk: The Financial Ombudsman Service (FOS) has shared a number of case studies involving annuities, pointing out how it reached its decisions. We have selected three involving a financial adviser… Case #1: The consumer who read a Sunday paper and sought advice [...]

Peru’s annuities segment seen growing at double-digit rates during coming years

Peru’s annuities segment seen growing at double-digit rates during coming yearsNews from Business News Americas: Peru’s annuities segment is likely to expand annually at double-digit rates for several years to come. The segment grew close to 20% in 2013 and is set to increase at a similar or even faster pace this year, state news [...]

Just Retirement plans to increase sales of pension annuities

Just Retirement plans to increase sales of pension annuitiesNews from LifeHealthPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. (Bloomberg)–Just Retirement plans to increase sales of pension annuities to smokers and people with impaired [...]

RYAN: As life expectancy grows, annuities gain supporters

RYAN: As life expectancy grows, annuities gain supportersNews from Cincinnati.com: Reset your password Enter your email and we will send you a link to reset your password. Email Reset my password Cancel OK Resend Email You must have browser cookies enabled to view our site. It’s possible that your browser cookies are turned off. Read [...]

Financial Gains: Indexed annuities: Second Edition

Financial Gains: Indexed annuities: Second EditionNews from TCPalm: STUART — Back in July I wrote an article about Equity Indexed Annuities. You can view this article by searching Jay Chapman on www.tcpalm.com. I am writing this article to further illustrate the flaws in this product. Last week a potential client came to me and asked [...]

Adviser ‘bias’ removed from annuities directory

Adviser ‘bias’ removed from annuities directoryNews from Financial Times: The creators of a new directory to help consumers find retirement income specialists are changing the wording of the website following claims that it was biased against financial advisers. The launch of the Pick-A.org directory on Monday was marred by claims that a section comparing advice [...]

AIG Seeks to Add 600 Advisers in Benmosche’s Annuities Push

AIG Seeks to Add 600 Advisers in Benmosche’s Annuities PushNews from Insurance Networking News: (Bloomberg) — American International Group Inc. plans to add 600 advisers in a push to increase sales of retirement products as some rivals retreat from annuities. The insurer will increase the number of career agents at its newly named AIG Financial Network to [...]

Retirement 101: 3 Reasons to Beware of Annuities

Retirement 101: 3 Reasons to Beware of AnnuitiesNews from Investorplace.com:     As pensions have become all but extinct, the allure of annuities has grown ever stronger. These tax-deferred investments sold by insurance companies allow you to grow your nest egg and then, when you’re ready to retire, trigger an income that you can’t outlive. [...]

AIG seeks to add 600 advisors in annuities push

AIG seeks to add 600 advisors in annuities pushNews from LifeHealthPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. (AP Photo/Bebeto Matthews) (Bloomberg) — American International Group Inc. plans to add 600 [...]

Taking Stock: Indexed annuities have many complaints

Taking Stock: Indexed annuities have many complaintsNews from NewsOK.com: Dear Mr. Berko: My broker wants me to sell my 2,094 shares of Walmart and use $ 8,000 of the money to take what he calls a “businessman’s risk” and buy 2,000 shares of Tower Group International, which would pay a 66-cent dividend yielding 17 percent, [...]