Top story: Converting qualified money to annuities and other opportunities
By Warren S. Hersch
Chicago - Producers can look forward to greater sales in the year ahead, thanks in part to current demographic trends and a loosening of federal regulations on annuities and individual retirement accounts, according to experts. “Boomers are turning age 60 every 10 seconds,” said Michael Berry at a workshop here. "These folks are only 10 years away from having to take their required minimum distributions, so the opportunity to help them with income planning needs is now,” said the manager of advanced annuity sales at ING Americas - U.S. Financial Services, Windsor, Conn. Annuities should…click here for entire article
Ask the expert: regulte them as securities?
Quiz question: the proposed rule on index annuities says what?
Question: Which of the following correctly depicts what the new Proposed Rule 3110(b)(3), in the Financial Industry Regulatory Authority’s Regulatory Notice 08-24, would do:
a) Require B-Ds to supervise their reps when they sell securities
b) Require B-Ds to supervise their reps when selling fixed annuities and any investment advisory activities in which they’re engaged
c) Be limited in its application to registered securities
d) Apply to all securities transactions, both exempt and non-exempt.
e) a), b) and c)
f) a), b) and d)
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