BANK INSURANCE 
NEWS IN BRIEF

YEAR 2014 RISE IN U.S. ANNUITY SALES CLOUDED BY POOR VA 4Q DECLINES
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CLIMBING UNIVERSAL LIFE SALES DRIVE 11% GROWTH IN INDIVIDUAL LIFE PREMIUM IN 2014
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U.S. VARIABLE ANNUITY SALES FALL 6.1%U.S. APPLICATIONS FOR INDIVIDUALLY UNDERWRITTEN LIFE INSURANCE CONTINUE UP IN FEBRUARY
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DOL PREPARED TO IMPLEMENT FIDUCIARY DUTY REGULATIONS FOR INVESTMENTS ADVISORS & BROKER-DEALERS
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SEC CHAIRMAN WHITE TESTIFIES IN FAVOR OF UNIFORM FIDUCIARY DUTY
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B OF A'S MERRILL FINED $2.5 MILLION FOR OVERSIGHT FAILURE IN MASSACHUSETTS
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since 1991.

RECENT AND NOTEWORTHY ADDITIONS . . .

March 18, 2015 - Bank-owned life insurance (BOLI) assets grew to $149.6 billion in 2014, up 4% from the previous year, according to the Equias Alliance / Michael White Bank-Owned Life Insurance (BOLI) Holdings Report .
Click here to read more about how bank-owned life insurance (BOLI) assets grew to $149.6 billion in 2014.

February 10, 2015 - Bank and thrift holding companies earned $106.77 billion in wealth management income in the first nine months of 2014, up 7.7%, according to the Sorrento Pacific - Michael White Bank Wealth Management Report .
Click here to read more about how bank and thrift holding companies continue to grow wealth management income.

January 20, 2015 - Bank holding companies (BHCs) tallied $4.24 billion in insurance brokerage fee income over three quarters of 2014, according to the Michael White-Succeed Advisors Bank Insurance Fee Income Report .
Click here to read more about how nearly two-thirds of million-dollar bank insurance gencies increased their revenues.

January 19, 2015 - Income earned from banks' annuity sales rose 8.4% in the first three quarters of 2014, according to the Michael White Bank Annuity Fee Income Study .
Click here to read more about the marked rise in sales of annuities at banks.

January 12, 2015 - Community bank investment programs were stronger than ever in the first three quarters of 2014, according to the Michael White-Securities America Report: Community Bank Investment Programs.
Click here to read more about how community bank investment programs reached record levels of third quaretr year-to-date income.

  

  

  

  

  

 

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