trending Market Intelligence /marketintelligence/en/news-insights/trending/f8_jfhjq5ejdudoejmhugw2 content esgSubNav
In This List

Report: Ohio National to terminate servicing agreements on variable annuities

Video

According to Market Intelligence, February 2023

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks


Report: Ohio National to terminate servicing agreements on variable annuities

Ohio National Financial Services Inc. has notified its broker/dealer partners that it will terminate servicing agreements and trailing commissions on some of its variable annuities by mid-December, InvestmentNews reported.

All individual annuity sales compensation will stop upon termination of the servicing agreements Dec. 12, according to the report, citing a letter sent Sept. 28 to brokers/dealers that sell its variable annuities.

The news comes about a month after Ohio National said it is exiting its annuities and retirement plan businesses.