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Guaranteed funds (BBC News) An expert outlines a new form of annuity John Hancock Announces Launch of JH Spectrum Fixed Annuity Product (PR Newswire via Yahoo! Finance) John Hancock today announced the launch of a new fixed deferred annuity product-JH Spectrum. Government roundup (Birmingham News) The City Council on Monday authorized payments for retired city employees. Why: The council approved 3 percent lump sum cost-of-living payments to employees who retired under an annuity plan prior to 1995 and a $300,000 payment to Retirement Systems of Alabama. Pelletier to lead Prudential's annuity business (AP via Yahoo! Finance) Financial services firm Prudential Financial Inc. said Tuesday it appointed Stephen Pelletier president of its annuities business. MassMutual enhances variable annuity portfolio (Insurance Business Review) Massachusetts Mutual Life Insurance Company has announced several enhancements to its variable annuity product portfolio, including expanded investment choices from well-known firms and a shorter contingent deferred sales charge. Bank annuity commissions and fees up 13 percent (Pittsburgh Business Times) Bank annuity commissions and fees hit $539.6 million in the first half of 2008, up 13 percent over the $476.9 million earned during the same six months last year. Income earned from the sale and servicing of mutual funds and annuities was $2.86 billion, down 0.9 percent from $2.86 billion in 2007, according to the Michael White-Symetra Bank Fee Income Report. (PNC) Market's Changes Lifting Bank Fixed Annuity Sales (Financial Planning.com) Bank sales of fixed annuities are soaring, as a result of a favorable interest rate environment, the stormy equity markets, and new product features, according to insurance and banking executives. MassMutual Enhances Variable Annuity Portfolio, Providing Greater Retirement Income Options (PR Newswire via Yahoo! Finance) Massachusetts Mutual Life Insurance Company announced today several enhancements to its variable annuity product portfolio, including expanded investment choices from well-known firms and a shorter contingent deferred sales charge . Report: Bank annuity fees up, while mutual fund fees drop slighly (Nashville Business Journal) Bank annuity commissions and fees rose more than 13 percent in the first half of 2008, compared to last year, while sale and servicing of mutual funds and annuities at banks posted a modest decline. L&G pilots fast-track enhanced annuity with Pos Sols and Hargreaves Lansdown (Money Marketing Online) Legal & General is piloting a fast-track enhanced individual annuity with pricing based on common health risks. ... |
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