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- Title
Changing World of Annuity Sales.
- Authors
Mumford, James
- Abstract
The article presents the author's view on the status and future of annuity regulation. There has been a significant and rapid change in the way annuities, especially fixed annuities, are being sold. The insurance industry has seen tremendous opportunity for annuity sales in the retirement market. It is noted that companies need guidance and more clarity on regulators' expectations in order for them to develop systems to meet regulatory requirements. A lot of regulatory actions and activities are being undertaken that may change the way annuities are sold. It is stated that new regulations, new regulatory oversight by various regulatory bodies and new markets for the insurance industry make for an interesting time.
- Subjects
ANNUITIES; FIXED annuities; INSURANCE; RETIREMENT; INVESTMENTS; FIXED incomes; EQUITY indexed annuities; RETIREMENT income
- Publication
Journal of Insurance Regulation, 2008, Vol 26, Issue 4, p107
- ISSN
0736-248X
- Publication type
Article