Clients claimed rep told them to put their IRA into life settlements
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
