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Led by New York Life Products, Fixed Annuity Sales Rise 54% in Third Quarter

November 30, 2008 – About $13.5 billion of the sales were in book value products, $6.9 billion in indexed, $4.2 billion in market value adjusted (MVA) and $2.4 billion in fixed immediate annuities.

Moody’s Adjusts Prudential's Outlook to Negative

November 30, 2008 – The insurer's outlook could move to stable if investment losses diminish after the third quarter and the firm sustains healthy capital levels, the ratings agency said.

Securian Launches Its First SPIA

November 30, 2008 – IncomeToday! allows a one-time lump-sum withdrawal for any purpose during the life of the contract, in addition to the standard features of a single premium immediate annuity.

• New York Life Appoints Retirement Income Chief
• DTCC Offers New Licensing & Appointments Tool
• Insurers Queue Up For Bailout Money

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Features

Pictured above (top row, from left) are Barbara Smith of National Financial, Adam Bryan of DTCC, Deborah Tucker of NAVA, Tim Lyons of Nationwide Financial, Lana Macumber of DTCC, and Steven Marenakos of Prudential Annuities.

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The STP Pilot: Cleared for Takeoff

October 31, 2008 – In a roundtable discussion sponsored by the DTCC, six executives with stakes in the STP initiative gathered to evaluate its progress.

AIG Failure Fuels Regulatory Turf War

October 31, 2008 – The Federal Reserve's bailout of American International Group has revived the debate about whether the federal government should regulate insurance companies.

Bank of America Gains Merrill Lynch's 401(k) Plans and More

October 31, 2008 – With Bank of America's purchase of Merrill Lynch for about $50 billion in mid-September, the bank took a big step toward becoming a force in the retirement industry.

Independent RIAs Lead Retirement Income Race

October 31, 2008 – Fee-based independent advisers are beating out fund companies, brokerages and insurers in the quest to manage the Baby Boomers' savings.

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