Cover Stories

'Financial Services for the Greater Good'

by David Lindorff

'Financial Services for the Greater Good'

Tue, Jul 26, 2011

Andrew Carnegie, founder of the non-profit Teacher's Insurance & Annuity Association, now TIAA-CREF, could not possibly have foreseen how his group annuity would lead to today's profitable trillion-dollar variable annuity industry.

Dark Horse Candidate

by Kerry Pechter

Dark Horse Candidate

Tue, Jul 19, 2011

How did upstart Jackson National Life get near the top of the VA heap? And why are so many advisors nervous that it may 'de-risk' its popular Perspective contract? JNL EVP Clifford Jack tells RIJ all that he can...

The Stag Brings Back GLWBs

by Kerry Pechter

The Stag Brings Back GLWBs

Tue, Jul 12, 2011

In an about-face on VAs, The Hartford has gone back to the GLWB, tempering its risks with a CPPI fund. The arrival of Steve Kluever from Jackson National in March reflects the new thinking.

VAs: In Search of a Winning Formula

by Kerry Pechter

VAs: In Search of a Winning Formula

Tue, Jul 05, 2011

VA issuers should take a cue from Michael Jordan, and realize that team players win more championships than individual stars, advises Bing Waldert of Cerulli Associates.

News

A New Arm for a New VA Arms Race

Wed, Jul 27, 2011

AllianceBernstein's DAA fund, which aims for 60/40 performance without the tails, has been adopted as a risk-reduced investment option in AXA, MetLife, Ohio National, Sun Life, and Transamerica variable annuities. AB's Mark Hamilton explains.

‘Fee compression’ will alter retirement landscape, study finds

Tue, Jul 26, 2011

Facing a need for “ongoing holistic service from a third party,” the report said, many plan sponsors will seek a professional retirement plan advisor who earns a fee or retainer instead of an asset-based charge.

Canada, far smaller than the U.S., has smaller age-related economic challenges

Tue, Jul 26, 2011

Our neighbor to the north spends only 10% of its GDP on health care, compared to 16% in the U.S., and its hospitality towards immigrants should help ease labor shortages as its Boomers retires.

Italy: The good, the bad, and the pension policy

Italy: The good, the bad, and the pension policy

Wed, Jul 27, 2011

Many Americans yearn to vacation in romantic Italy, But, as this essay from IPE.com explains, Italians yearn for a less stagnant economy, cleaner politics, more jobs and a pension that replaces 60% of final salary.

The Bucket

The Bucket

Tue, Jul 26, 2011

Brief and late-breaking items from Putnam, Symetra, Pacific Life, Allianz Life, Russell Investments, the Phoenix Companies, The Hartford, and Prudential.