R. 2954 — a bill that includes major lifetime income annuity rule changes — raced through the House of Representatives on Tuesday.

House members approved the Securing a Strong Retirement Act, also known as the Secure Act 2.0, by a 414-5 vote.

When the House of Representatives recently passed a $1.5 trillion spending bill, one set of provisions was conspicuously missing — to those who follow the rules around retirement savings anyway.

Total 2021 deferred annuity sales of $243.6 billion represented a major bounceback year for the industry and a 16.5% increase over 2020 sales, according to new Wink’s Sales & Market Report data.