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The Insured Retirement Institute's mission is to provide financial advisors and other interested parties with information and resources to assist in a better understanding of annuities and the role of these products in financial retirement planning. One very important resource are the articles in the financial and consumer press.

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Press Room Archives for 2007  

NAVA Reports Q3 2007 Variable Annuity Data

NAVA, the Association for Insured Retirement Solutions, today announced third quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 2.7% to $1.5 trillion at the end of the third quarter, as compared with the end of the second quarter of 2007. Net assets increased by 15.3% relative to the third quarter one year ago.

Outlook Sidebar - On the Road to STP: Data Message Spec

The development of NAVA's Straight-through Processing (STP) Standards Initiative continues to make considerable progress. In October, the NAVA Data Conformity Working Group completed another significant milestone: updating the NAVA STP Message Specification for Product Profile for Annuities (PPfA) to 2007-1, integrating the ACORD Life and Annuity v2.16 XML data model standard.

Outlook Sidebar - On the Road to STP: State Rollout

This is the first installment of a monthly Outlook column on the progress of NAVA's Straight-Through Processing (STP) Standards Initiative.

NAVA STP Receives Positive State Recognition

NAVA, the Association for Insured Retirement Solutions, today announced a milestone in its Straight-through Processing (STP) Standards Initiative: written recognition of the STP standards by insurance regulators in Arizona, Indiana, Iowa, Kansas, Michigan, Nebraska, South Dakota, and Virginia. STP establishes a comprehensive set of standards for managing new annuity business processes electronically, which greatly benefits consumers, insurers, distributors, and regulators. It is NAVA’s goal to receive acknowledgement that the STP standards are in compliance with state regulations from all 50 states.

NAVA Reports Q2 2007 Variable Annuity Data

Reston, VA, September 23, 2007 – NAVA, the Association for Insured Retirement Solutions,today announced second quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 4.6% to $1.5 trillion at the end of the second quarter, as compared with the end of the first quarter of 2007. Net assets increased by 15.3% relative to the second quarter one year ago.

NAVA Responds: Top Ten Threats for Missouri Investors

A variable annuity is a flexible financial retirement vehicle combing insurance benefits, guaranteed lifetime income payments and tax-deferred savings. There are many important reasons why variable annuities are appropriate for many Missourians, including older investors.


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