Fixed Annuity News
The fixed annuity industry is constantly changing. From product evolution and distribution consolidation to pending regulation and legislation, NAFA works diligently to keep up with every aspect of the marketplace and provide you with its most pertinent news in a timely manner. Utilize the information below to read about recent media coverage in our Monday Media Reports, access all things NAFA via our NAFAwire, visit our Press Room for the association’s most current news releases or to catch up on our Twitter feed.
18 May – Warren Hersch – Life Annuity Specialist
“In the wake of the challenge, market observers expect issuers to introduce products that have features mirroring those of hot-selling structured annuities. Other trends might include new and expanded distribution agreements with third parties that cater to registered investments advisors.”
22 May – John Hilton – InsuranceNewsNet
“Despite the COVID-19 market devastation, deferred annuity sales remained strong in the first quarter at $52.7 billion, a slim 1.1% decline, according to Wink’s Sales & Market Report.”
22 May – Melanie Waddell – Think Advisor
“Lawmakers introduced legislation Friday that would require the SEC to devise a new and more tailored form for annuity issuers to use when filing registered index-linked annuities (RILAs).”
22 May – Susan Rupe – InsuranceNewsNet
“Branyan said that from March 13 to March 20, CANNEX saw 12 companies change their fixed indexed annuity rates. And from March 23 to March 30, 13 companies changed their FIA rates.”
20 May – Pierce Atwood – National Law Review
“Despite the critical importance of forgiveness, the process for applying for forgiveness, and some of the details on how it is calculated, have been murky. The Small Business Administration (SBA) has now provided some clarity by releasing the PPP Loan Forgiveness Application”
26 May – Jim Wang – Forbes
“When the CARES Act passed, almost all the attention was on the stimulus checks, unemployment insurance, and small business support such as the Paycheck Protection Program. These $1,200 direct payments to families and thousands of dollars in loans to businesses were vital but they don’t tell the whole story of all that the CARES Act did for ordinary Americans impacted by Covid-19.”
29 May – John Hilton – Insurance News Net
“But the issue is attracting more attention, with some states passing laws to give authorities more tools to fight elder fraud. Agents and advisors are often best positioned to witness and report suspicious incidents, said Michele Kryger, senior compliance and elder & vulnerable client care officer for AIG Life & Retirement”
Monday Media Report
The NAFA Media Report features a summary of the previous week’s fixed annuity media coverage as compiled by NAFA’s Director of Research, Dr. Jack Marrion. NAFA welcomes your contributions and suggested additions.
The Call features timely and seasonal regulatory and legislative updates to help NAFA members stay on top of issues impacting their businesses. Both federal and state editions are distributed to keep you informed.