Securities America Inc. has picked up Verus Capital Partners LLC, a Scottsdale, Ariz., firm with $225 million in assets and 20 advisers.
Transamerica/Aegon has announced it will cease sales of fixed annuities through insurance brokers, starting Jan. 1.
Retirement industry leaders today pressed officials from the Labor and Treasury departments to ensure that any future “safe-harbor” rules for annuities in 401(k) plans also include other lifetime-income options.
While retirement industry leaders last week pressed officials from the Labor and Treasury departments to make it easier to include annuities in 401(k) plans, many investment firms and advisers said they aren't pinning their hopes on the annuity proposal and are looking for income solutions that don't involve insurance.
Through its recently announced purchase of National Retirement Partners Inc., LPL Investment Holdings Inc. is set to enter the demanding and competitive market for smaller to midsize retirement plans.
New Jersey's insurance commissioner is proposing an amendment which would provide unlimited coverage in the case of certain insolvencies
Target date fund managers who added commodities to their funds in recent months with the hope of diversifying their portfolios have made a startling discovery: Alternative investments continue to move in lockstep with the overall stock market.
The judge determined that state insurable interest laws do not apply to annuities – at least, in this case.
Meanwhile, the National Association of Insurance Commissioners has scheduled a hearing in Washington this month to discuss the transactions
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
