ANNUITES: 3/18/10

Ameriprise surprise: Firm to open platform to outside annuity providers (Investment News.com)

Nearly 9 out of 10 Investors Want a Summary Prospectus (IRI Online) - An exclusive Insured Retirement Institute (IRI) survey released today found that nearly 9 out of 10 consumers would be more likely to read their prospectus if provided in short summary form rather than the full detail. The survey also found that only half of consumers read the prospectuses currently provided with their investments, with only about 20% saying they always do.

VA Summary Prospectus Looks Inevitable (Investment Advisor)

Nearly Half of All Workers Would Opt for Guaranteed Income for Life (IRI Online)

Study: Indexed Annuity Complaints Keep Dropping (Life & Health Insurance News) - Complaints about fixed indexed annuities decreased by over 45% in 2009 compared to two years prior, according to a new study.

Momentum for Annuities in 401(k)s Builds (On Wall Street)

Insurance regulators to probe annuities sold to third parties (Investment News.com)

 
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