Voya latest firm to unload variable annuity contracts to PE firms.
Up to 30,000 people may not have received payments from insurer.
Insurers are using 'hybrid' indices as a way to differentiate themselves, but critics contend the products are less transparent, more confusing and don't add financial benefit.
They say rule didn't go far enough and more stringent measures may be necessary.
Regulators question why investors would pay more for additional liquidity on a long-term product.
Firm is back in hot water for poor supervision of VA sales, among other violations
Under a draft proposal being considered by insurance commissioners, agents would be required to put "the interests of the consumer first and foremost."
The future is brighter than the storm clouds of the past
Annuity sales have hit a 15-year low, primarily due to the Department of Labor's fiduciary rule.
Legislation would restore Obamacare cost-sharing subsidies, which Trump said last month he would cut off.
The laws underscore the need for advisers to have clients consider a long-term-care planning strategy
'It is one of the areas that will be the rocket booster in 2018,' suggests consultant Peter Stahl.
Government likely to rein in popular cryptocurrency, health savings accounts will grow, and wirehouse's decision on recruiting agreement called a mistake.
Firm also censured for failure to supervise share class recommendations.
Whistleblowers cited in Times article say the pension giant pressured reps to push expensive managed accounts.
Firm failed to set up systems and adequately supervise representatives, regulator says.
A Treasury proposal seeks to amend rules for plan sponsors to help them assess the long-term viability of insurance companies.
They may provide high-net-worth clients with tax-advantaged portfolio income, cash access, creditor protection under some state laws and a tax-free death benefit.
Clients with unwanted policies might be able to sell or exchange them for better policies.
Hint: There's no silver bullet for evaluating the best insurance products.
