Its 401(k) Solutions business, only four years old, has amassed more than $400 million.
Devika Kamboh, president of the New York chapter's board, described "nefarious" activities among its directors, and said the national Financial Planning Association suggested she overlook the potential violations.
A bipartisan effort in Congress to ease annuity use in 401(k)s follows years of related academic research.
After six years of declines, sales could improve slightly if rising interest rates help insurers more easily support their guarantees.
Allianz Life Insurance Co. of North America shed the most money on the indexed side, and Prudential Annuities on the variable end, both losing more than $2 billion in sales year-over-year.
The fiduciary rule may be taken off the books as a result of the ruling, and an SEC fiduciary standard wouldn't cover products not registered as securities
It's the fourth time a retirement-plan record keeper has prevailed in a lawsuit scrutinizing fees received from Financial Engines.
Could human advisers be displaced as digital-advice firms use technology to deliver services to plan sponsors and participants?
Groups on both sides of the fiduciary debate had plenty to say.
Analysts say the insurer is the only one to guarantee its cap rates during the contract surrender period, a boon for investors but potentially opening it up to more risk.
