Beacon Research has announced that annuities in several categories broke sales records in the third quarter of 2013. Total annuity sales were nearly $22.5 billion in the third quarter, up from $17 billion in the second quarter. Total annuity sales increased more than 35% since the third quarter of 2012.
Fewer than 3,000 Texans successfully found private health insurance during the first month of the Affordable Care Act’s open enrollment period to purchase a health plan through an online federal marketplace, according to figures released by the U.S. Department of Health and Human Services.
The earliest that the Labor Department is likely to propose a rule that would raise investment advice standards for retirement plan advisers is April or May 2014, according to a policy expert.