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Quote of the Week

by Editorial Staff

Wed, Sep 01, 2010

“If we want to study whether a ‘fiduciary duty’ is better for consumers, then we should also study if grass is green, if water is wet, and if deserts are dry.” Luke Dean, professor of finance, William Paterson University, Wayne, NJ.

Record Sales for Indexed, Income Annuities in 2Q: Beacon

by Editorial Staff

Wed, Sep 01, 2010

The top sellers of fixed annuities were New York Life, Allianz Life, Aviva USA, Western National Life (AIG), and American Equity Investment Life.

All-Star Cast Expected for DoL Hearing on In-Plan Income

by Editorial Staff

Wed, Sep 01, 2010

The hearing will begin at 9 a.m. (EST) on September 14 and 15, 2010 in the Labor Department’s main auditorium, 200 Constitution Avenue, NW in Washington, D.C.

ING Launches Newest Phase of its ‘Numbers’ Campaign

by Editorial Staff

Wed, Sep 01, 2010

The ad will air on major broadcast and cable outlets during coverage of professional Grand Slam tennis in the U.S.

The Hartford Aims for Bigger Share of Mid-Sized DB, DC Market

by Editorial Staff

Wed, Sep 01, 2010

In September, The Hartford is launching a series of forums for advisors that will unveil new research on retirement plan sponsors’ and participants’ evolving needs, and new approaches in meeting them.

Response to Last Week's FIA Article

by Editorial Staff

Wed, Sep 01, 2010

FIA issuers face the "discipline of the market" when resetting their crediting formulas each year, writes David Babbel of the Wharton School.

Britain’s Annuity Muddle

by Editorial Staff

Wed, Sep 01, 2010

Surprisingly few retirees use the ‘open market option,’ which allows them to transfer their money at retirement from the asset management company where they accumulated their savings to another provider with a higher annuity rate.