{"id":1686,"date":"2015-08-03T21:00:47","date_gmt":"2015-08-03T21:00:47","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/08\/voya_financial_advisors_restri"},"modified":"2020-01-07T17:34:46","modified_gmt":"2020-01-07T23:34:46","slug":"voya-financial-advisors-restri","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/","title":{"rendered":"Voya Financial Advisors Restricts Variable Annuities Sales"},"content":{"rendered":"<p>In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are wondering whether the products are appropriate for investors who are saving for retirement. Variable annuities have been getting a lot attention from regulators from FINRA, the U.S Securities and Exchange Commission, and the Labor Department, which oversees retirement benefit plans that provide tax benefits and are sponsored by employers.<\/p>\n<p><em>InvestmentNews<\/em> reports that according to internal documents, Voya said that it would no longer approve the sale of C share variable annuity contracts if the contract has add-ons that cost extra. It was just last month that the firm placed the same restriction on variable annuity contracts involving L shares.<\/p>\n<p>Zoya brokers will now have to provide clients with an analysis, prepared by Morningstar Inc., of each annuity contract&#8217;s cost in dollars. They also will have to get a client&#8217;s signature before selling the new annuity.<br \/>\n <a href=\"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/#more-1686\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are wondering whether the products are appropriate for investors who are saving for retirement. Variable annuities have been getting a lot attention from regulators from FINRA, the U.S Securities and Exchange Commission, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3919,3884],"tags":[3536],"class_list":["post-1686","post","type-post","status-publish","format-standard","hentry","category-annuities","category-variable-annuities","tag-voya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Voya Financial Advisors Restricts Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; August 3, 2015<\/title>\n<meta name=\"description\" content=\"In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are &#8212; August 3, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Voya Financial Advisors Restricts Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; August 3, 2015\" \/>\n<meta name=\"twitter:description\" content=\"In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are &#8212; August 3, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Voya Financial Advisors Restricts Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; August 3, 2015","description":"In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are &#8212; August 3, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/","twitter_card":"summary_large_image","twitter_title":"Voya Financial Advisors Restricts Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; August 3, 2015","twitter_description":"In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. The regulators are &#8212; August 3, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Voya Financial Advisors Restricts Variable Annuities Sales","datePublished":"2015-08-03T21:00:47+00:00","dateModified":"2020-01-07T23:34:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/"},"wordCount":390,"keywords":["Voya"],"articleSection":["Annuities","Variable Annuities"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/","url":"https:\/\/www.investorlawyers.com\/blog\/voya-financial-advisors-restri\/","name":"Voya Financial Advisors Restricts Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; August 3, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-08-03T21:00:47+00:00","dateModified":"2020-01-07T23:34:46+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In the wake of regulator scrutiny, Voya Financial Advisors is once again placing restrictions on its sale of variable annuities. 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