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PRESS RELEASE: Fitch Downgrades OM Financial Life Ins Co IFS - EasyBourse.com

PRESS RELEASE: Fitch Downgrades OM Financial Life Ins Co IFS EasyBourse.com, France Positively, new business strategies, which include a reduction of annuity sales including fixed indexed annuities as well as discontinuation of sales of various other products, could help to reduce earnings volatility going forward. ...
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Boomers and Retirement—the View from the Road Show - Financial-Planning.com

Boomers and Retirement—the View from the Road Show Financial-Planning.com, NY What’s more, although speakers were eager to endorse annuities as a retirement-income strategy, they were reticent to discuss the insurance companies’ own financial struggles during the market downturn. When New York Life President Tom Hegna took the ...
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Tom Wilson's war - Crain's Chicago Business

Crain's Chicago Business Tom Wilson's war Crain's Chicago Business, IL The financial unit, which sells mainly life insurance and annuities , is culling products beyond the ill-starred mutual funds and cutting 1000 jobs to shave $90 million, or 20%, from annual expenses. It's also looking for a new president. ...
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Beware annuity sharks - Columbus Dispatch

Beware annuity sharks Columbus Dispatch, OH In January 2008, the Financial Industry Regulatory Authority fined Banc One Securities Corp. of Chicago $225000 for "making unsuitable sales of deferred variable annuities to 23 customers" and for issues related to that. The authority said 21 of the 23 ...
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