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The DOL proposal could force MetLife to choose between manufacturing individual annuities and distributing.
Allianz SE, Europe’s biggest insurer, and France’s Axa SA may also bid for RSA, whose shares have trailed peers in the past year.
MetLife Inc., the largest U.S. life insurer, posted profit that exceeded analysts’ estimates as results improved in Asia, fueled by growth in Japan.
Every now and then, it's worth pausing to dwell on the impressive innovation that comes from some of the industry's greatest minds.
A record 159,889 candidates from 174 countries registered to sit for the exam last month.
Harold Evensky says fiduciary advisors will be obliged to recommend annuities, even if it means they won't get paid on those assets.
The associations contend that the rule's “substantial costs” and "burdens" will prompt many brokers to exit the business.
For the first time, FIAs accounted for more than a 50 percent market share for all annuity sales.
Warren addressed lawsuits by civil servants in Florida that accused Primerica advisors of recommending they cash out state pensions to open accounts with Primerica.
FIA sales account for 10 percent of broker-dealers’ total annuity sales.
Challenges are expected from Wall Street, in the court of public opinion as well as potentially in the legal realm.