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- Variable Annuity Outlook Hinges on Market Upturn (Financial Planning.com)
Variable annuity sales sank in 2008 as the stock market's swoon scared investors off. - Florida's Tougher Annuity Fraud Laws Take Effect this Year (Financial Planning.com)
The New Year marks the beginning of tougher penalties for fraudulent annuity practices in Florida, as an effort to target agents using predatory annuity practices goes into law. - Annuity rates come down again says Alexander Forbes (Money Marketing Online)
Level annuity rates for women, inflation-linked annuity rates and rates for smokers have all come down over the past month, according to Alexander Forbes Annuity Bureau. ... - Convicted firefighter sues for pension (Chicago Tribune)
A former Chicago firefighter convicted of arson filed a lawsuit today challenging the recent denial of a city pension. Jeffrey Boyle, 50, had argued he was entitled to the pension because he did not use Fire Department equipment when he set the blazes, court documents show. The lawsuit in Cook County Circuit Court comes a month after the retirement board of the fireman's annuity and benefit ... - Action by New York Regulators Helps MetLife—and Possibly Others (Financial Planning.com)
Thanks to an independent effort by New York insurance regulators, MetLife expects to reduce by about $1.8 billion, or more than 30%, the amount it must post to back up its variable annuity living benefit guarantees, the Wall Street Journal reported. - Law stiffens penalties on predatory annuity fraud (The Villages Daily Sun)
THE VILLAGES — Some of the stories would break your heart. That’s how watchdogs like Steve Renico, a Village of Hadley resident, describe the impact of fraudulent annuities sales on unsuspecting senior citizens. - West Penn Township sues former supervisors (The Pottsville Republican & Herald)
West Penn Township filed lawsuits Monday in Schuylkill County Court against two former supervisors it alleges received annuity payments improperly. - Hanover Insurance divests remaining run-off life insurance business (Insurance Business Review)
The Hanover Insurance Group has sold its remaining run-off life insurance business, the First Allmerica Financial Life Insurance Company, to the Commonwealth Annuity and Life Insurance Company, a Goldman Sachs subsidiary. - Understand annuity before you sign (Bankrate.com via Yahoo! Finance)
The wrong time to learn more details about your annuity contract is after you sign on the dotted line. - Board adopts new retirement savings plan (Eastern Arizona Courier)
The Pima School Board voted unanimously to adopt the Internal Revenue Service’s model 403b Tax Sheltered Annuity as the district employees’ retirement savings plan at its meeting Wednesday. The district will self-administer the plan.