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Cover Stories

It’s a Twister, Auntie 'Ben'

by Kerry Pechter

It’s a Twister, Auntie 'Ben'

Tue, Nov 08, 2011

U.S. life insurers can weather the impact of 'Operation Twist' for a few years, Moody’s Investors Service says. But another five-plus years of rock-bottom interest rates could damage profits and ratings.

Three Steps to Annuity-Free Income

by Kerry Pechter

Three Steps to Annuity-Free Income

Wed, Nov 02, 2011

For retirees who say, 'Don't sell me a product!', Thornburg Investment Management recommends a retirement income strategy built on 'endowment' spending, three buckets and its own dividend fund.

‘Decumulation is Like a Rubik’s Cube’

by Kerry Pechter

‘Decumulation is Like a Rubik’s Cube’

Tue, Oct 25, 2011

The Money Management Institute has identified 34 financial services firms that have created what it calls Personal Retirement Income Solution Management (PRISM) tools or programs.

In Denim or in Suits, New Yorkers Want Market Reform

by Kerry Pechter

In Denim or in Suits, New Yorkers Want Market Reform

Sun, Oct 16, 2011

An 'Occupy Wall Street' protester at New York's Zuccotti Park expresses her opinion. The same day, at the NY Athletic Club, Wall Streeters themselves criticized their own industry.

The Decumulation Beat

$10 million a week in sales for New York Life's deferred income annuity

$10 million a week in sales for New York Life's deferred income annuity

Low CD rates and equity volatility may be helping sales of the Guaranteed Future Income Annuity, which has collected $100 million in premia since July to become NY Life's hottest launch ever.

News

‘Individual mandate’ constitutional, U.S. appeals court says

Wed, Nov 09, 2011

“The right to be free from federal regulation is not absolute, and yields to the imperative that Congress be free to forge national solutions to national problems, no matter how local–or seemingly passive–their individual origins,” said the majority opinion.

New USAA life income annuity offers emergency medical rider

Wed, Nov 09, 2011

The free rider allows contract owners to withdraw up to 30% of the present value of the contract after three years to cover an emergency expense, such as uncovered medical costs.

About 54% of full-time adult workers are in a retirement plan: EBRI

Wed, Nov 09, 2011

"White, more highly educated, higher-income, and married workers are more likely to participate than their counterparts," the EBRI's October 2011 Issue Brief said.

Bill to offer state DC plan to non-profit workers passes in Massachusetts

Wed, Nov 09, 2011

But one observer suggested that extending coverage beyond state employees will be problematic, because of inconsistencies in state and federal pension regulations.

The Bucket

The Bucket

Wed, Nov 09, 2011

Brief or late-breaking items from Jackson National, Janus, Fidelity, Symetra, The Principal, DST, Primerica, Lincoln Financial Group and Putnam Investments.