Banks Selling More VAs, Mutual Funds
Tue, Sep 14, 2010
Bank variable annuity revenue was 16% higher during the first half of 2010 than during the first half of 2009, according to Kehrer-LIMRA
Annuities
9 in 10 VAs Sold With Living Benefits
Tue, Sep 14, 2010
For the third consecutive quarter, GLBs were elected 87% of the time when any GLB is available for purchase. The guaranteed lifetime withdrawal benefit (GLWB) election rate remained at 64%.
The Pros and Cons of 401(k) Annuities
Thu, Sep 16, 2010
One witness at the DoL/Treasury hearings this week asserted that mandatory annuitization of DC assets at retirement is needed. The government, as well as sponsors and plan providers, have largely ruled that out.
Financial Engines' Secret Income Plan
Tue, Aug 24, 2010
Financial Engines CEO Jeff Maggioncalda expects his firm to roll out an in-plan income option to DC participants in late 2010 or early 2011. He won't reveal details, but there are clues to his intentions. Photo by Robyn Basso.
