Ohio National: No Strategy Change With Executive Shuffle

November 22, 2018 by John Hilton

Ohio National’s abrupt leadership change will have no impact on the company’s decision to abandon the annuity market, a spokeswoman said.

Part of that strategy included the controversial decision to cut trail commissions on select variable annuities.

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Ohio National has gone “too far down the path” to reverse course now, said Sheryl Moore, president and CEO of Moore Market Intelligence.

“There is no reason to retract their decision other than the negative publicity, and they can settle for pennies on the dollar,” she added.

Originally Posted at InsuranceNewsNet on November 21, 2018 by John Hilton.