Tuesday, December 15, 2009
Annuity Process Needs Streamlining
Automation and standardization will be the keys to success for advisors and broker-dealers who handle annuities for retirees in the near future, say experts from The Depository Trust & Clearing Corporation (DTCC), based in New York City.
A surprising amount of work is still done by paper and it may take a push from outside the industry to change that, says Adam Bryan, DTCC managing director of insurance and retirement services. That push could be forthcoming in the state and federal regulation changes that are to be considered in the coming months. DTCC provides money settlement and information services for the financial industry...
FA Mag: Annuity Process Needs Streamlining
A surprising amount of work is still done by paper and it may take a push from outside the industry to change that, says Adam Bryan, DTCC managing director of insurance and retirement services. That push could be forthcoming in the state and federal regulation changes that are to be considered in the coming months. DTCC provides money settlement and information services for the financial industry...
FA Mag: Annuity Process Needs Streamlining
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