Aviva plc, a British multinational insurance company, has implemented the Composer software-as-a-service (SaaS) platform from wealth management and advice solutions provider GBST, which will support Aviva’s individual annuities business transformation program, officials say. Headquartered in London, England, Aviva serves 25.2 million clients in the United Kingdom, Ireland, and Canada, officials say. “Individual annuities have seen… Read More >>
Supervisory Failures Alleged in Wells Fargo Annuity Switches
The Financial Industry Regulatory Authority reports that Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, two units of the San Francisco-based, multinational financial services company, will pay more than $2 million on charges of “supervisory violations related to variable annuity switches.” The Wells Fargo units will pay an additional $1.4 million… Read More >>
