Today’s passage of the Financial Regulations Bill by the U.S. Senate tops off the historic week for the fixed annuities industry that was kicked off on Monday, July 12, when the U.S. Appeals Court required that the Securities and Exchange Commission’s Rule 151A be vacated...
Total second quarter sales were $8.3 billion, down 0.1% from the same period last year. As compared to the previous quarter, sales were up over 22.8%. With CD rates at 1% and fixed annuities crediting a mere 3.65% on average, it is no wonder that this was the second-highest quarter in terms of indexed annuity sales. It is going to be another record year," said Sheryl J. Moore, President and CEO of AnnuitySpecs.com...
