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12/26/2008 News For: Varied AnnuitiesBob MacDonald Reveals the Dirty Little Secret in the Annuity Industry Bob MacDonald, former CEO of Allianz Life of North America and financial services contrarian, charges there is a "shell game" going on in the annuity industry, and it is putting the life insurance industry and the annuity consumer at risk. PRWeb Dec 26, 2008 Read the full story at http://www.prweb.com/releases/2008/12/prweb1785164.htm Business Briefs San Luis Trust Bank is holding its third annual Warm Coat Drive and is participating in the Secret Santa Program through today. Don't let scam artists cash in at your expense Think of a headline about the financial crisis, and criminals have found a way to exploit it. Bad credit? Bank problems? Home foreclosures? Each of these, and many more, comes with a matching scam, helping make today one of the most fertile periods ever for rip-offs. SEC Designates Fixed Annuities as Securities The SEC today approved the adoption of a new rule designating indexed annuities as securities. Officials summoned for delay in capturing tiger Forest department officials who failed to trap a two-year-old tiger in Uttar Pradesh's Barabanki district have been summoned here to give an explanation, an official said Tuesday. Aviva Life appoints two new directors CHENNAI: Aviva Life Insurance has announced the appointment of Munish Sharda as Director Direct Sales Force based in Delhi and Rishi Piparaiya as Director Bancassurance based in Mumbai. Both of them are from Citibank with varied experience ... J.G. Wentworth completes $75M notes deal J.G. Wentworth said Monday that it completed a $74.6 million securitization of structured settlement and annuity backed notes. YOU ARE HERE: Clinicians treating people with HIV in resource-limited settings should be cautious when making treatment switches based solely on CD4 cell counts, say a group of researchers including International AIDS Society president, Julio Montaner. Banking and Financial On December 17, 2008, the SEC approved Rule 151A granting the SEC the authority to regulate certain indexed annuity products. |