Reston, Va. — NAVA Inc., the association for insured retirement solutions, recently announced that it will be hosting, for the second year, a comprehensive seminar for insurance carriers, annuity distributors and technology solution providers that are in the process of implementing NAVA’s Straight-through Processing (STP) Standards Initiative. The STP Standards Initiative, created to help the industry meet the expected growth in the annuity market as the baby boomer generation enters retirement with more than $17 trillion in retirement assets, is an industry-backed initiative establishing an automated standardized process that streamlines the sale of annuities.
The “On the Road to STP” seminar will be held December 18-19, at the JW Marriott Pennsylvania Avenue in Washington, D.C. The seminar will offer information to assist the industry in the implementation of the STP standards, including a state regulatory view of the STP Standards Initiative, and inherent consumer protections, technology updates and a review of several existing pilot programs to provide attendees with real-world guidance on deployment and integration of the STP Standards.
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