Annuities Archives - Retirement Income Journal

US life/annuity insurers cede $1.74 trillion to reinsurers, 2016-23

By Editorial Staff Wed, Sep 4, 2024

New capital keeps flowing into the reinsurance segment, primarily via reinsurers owned by investment managers focused on annuity business, AM Best analysts write. These newer entrants co-insure assets that...

Published September 2024

Why 401(k) Plan Sponsors Remain Wary of Annuities

By Kerry Pechter

The SECURE Act of 2019 did too little, too soon, in opening up 401(k) plans to all kinds of annuities. Some big 401(k) plans are ready to offer in-plan...

Published September 2024

Most annuities bought to reduce investment risk: LIMRA

By Editorial Staff Tue, Sep 3, 2024

'Most annuities are purchased as protection from investment risk, not for longevity risk,' LIMRA research chief Bryan Hodgens said. 'Most fixed index and RILA contracts are bought without a guaranteed...

Published September 2024

Wink’s Annuity Sales & Market Report, 2Q2024

By Editorial Staff

Athene USA was the annuity sales leader (overall market share of 8.2%; 11.9% for non-variable deferred annuities), followed by MassMutual, Corebridge Financial, Equitable Financial and Nationwide.

Published September 2024

British regulators scrutinize ‘FundedRe’ in pension deals

By Kerry Pechter Thu, Aug 1, 2024

The Prudential Regulatory Authority, the Bank of England's financial regulatory arm, told UK life insurers in late July that it has concerns about the use of 'funded reinsurance' (FundedRe)...

Published August 2024

RIJ Launches the 401(k) Income Research Center

By Kerry Pechter Wed, Jul 31, 2024

RIJ intends to give plan sponsors, plan advisors, retirement plan service providers and others an up-to-date, easy-to-access source of curated information and competitive intelligence on products and processes that...

Published August 2024

High rates drive high interest in annuities: LIMRA

By Editorial Staff

'After years of ultra-low interest rates, LIMRA believes conservative investors, who were sitting on the sidelines reluctant to lock in low rates, have poured money into the market as...

Published August 2024

Should Participants Get Lifetime Income By ‘Default’?

By Kerry Pechter

The ERISA Advisory Council heard testimony on whether to tweak the rules for Qualified Default Investment Alternatives to accommodate—or exclude—annuities. Advisors to 401(k) plans should read this.

Published August 2024

Annuities enjoy record sales in 1Q2024

By Editorial Staff Mon, Jun 3, 2024

'Total annuity sales have come down from fourth quarter 2024, largely due to a softening in the fixed-rate deferred annuity market. However, LIMRA expects annuity sales to perform well...

Published June 2024

Athene’s group annuities not the ‘safest available,’ lawsuit charges

By Editorial Staff Sun, Jun 2, 2024

The suit against Athene may be a test case for the legitimacy of Bermuda Triangle strategy. In other news from the Bermuda Triangle: Annuity sales boom attracts private equity-backed...

Published June 2024

Test-drive annuities at CANNEX/Luma ‘Marketplace’

By Editorial Staff

The Annuity Marketplace will provide income, rate, yield, and product information on annuities from more than 60 issuers, a CANNEX release said. Advisers can illustrate the outcomes of market...

Published June 2024

BlackRock relaunches its “LifePath Paycheck” retirement income tool

By Kerry Pechter Wed, May 1, 2024

'DCIO' asset managers like BlackRock must find ways to retain participant assets post-retirement and enrich the value of their target date funds. They must also make themselves relevant to...

Published May 2024

A ‘Nesting Doll’ of an In-Plan Annuity

By Kerry Pechter Wed, Apr 3, 2024

ARS, State Street Global Advisors, Nationwide, Athene, Transamerica and Global Trust Company have brought to market the State Street GTC Retirement Income Builder, a target date fund with a...

Published April 2024

MassMutual platform to distribute Aspida Life fixed-rate annuities

By Editorial Staff Wed, Mar 13, 2024

The platform, Flourish, is a wholly owned and independently operated subsidiary of MassMutual. It serves more than 750 wealth management firms managing some $1.5 trillion in financial assets.

Published March 2024

MetLife to offer income annuities on Fidelity’s platform

By Editorial Staff Mon, Mar 4, 2024

The MetLife solution enables participants at all savings levels to purchase an immediate income annuity through an insurer selected by their employer and annuitize any portion of their savings,...

Published March 2024

Meet the Newest Platform in the 401(k) Annuity Space

By Kerry Pechter

'We’re a product design firm,' ALEXIncome co-founder E. Graham Clark told RIJ. 'We feel we’ve built the best process for integrating annuities into retirement accounts.'

Published March 2024

After record sales year for annuities, LIMRA predicts strong 2024

By Editorial Staff

For all of 2023, FRD annuity sales totaled $164.9 billion, up 46% from the record set in 2022, and more than triple the 2021 sales ($53.1 billion), according to...

Published March 2024

Of Athene, Pension Risk Transfers, and Fiduciaries

By Kerry Pechter Fri, Jul 28, 2023

The ERISA Advisory Council recently heard comments on changing the criteria that fiduciaries use when vetting annuity providers in pension risk transfer deals. Athene's vice chairman defended his company's...

Published July 2023

Demographics and interest rate policy favor annuities: LIMRA

By Editorial Staff Thu, Jun 23, 2022

The US population aged 65 or over is expected to grow by more than 8.5 million by 2026, LIMRA said. Individual annuity sales cluster around age 65.

Published June 23, 2022

Nationwide is 13th life insurer nabbed by New York

By Editorial Staff Thu, Jun 9, 2022

To date, New York's industry-wide investigation has led to settlements with thirteen life insurance companies, totaling about $29 million in restitution and penalties.

Published June 9, 2022

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