US Mutual Fund Inflows On Record Pace
Worldwide, mutual fund investors have added nearly $1.4 trillion of net flows to bond and stock funds since March 2009's market bottom, according to Strategic Insight's Simfund databases.
ING Responds to Income RFI
Some of the administrative burdens that come with carrying annuities need to be eased in order to attract more employers to offer these types of products, ING said.
Lincoln Financial Group Profitable So Far in 2010
The Individual Annuities segment reported operating income of $119 million in the first quarter of 2010, up from $74 million a year ago, reflecting a 34% increase in average...
Genworth Financial Announces 1Q 2010 Results
The Richmond-based company reported net income of $212 million in the first quarter of 2010 (before provision for non-controlling interests), compared to a loss of $469 million in the...
AIG Mending, But Still Dependent, GAO Says
"The sustainability of any positive trends in AIG's operations depends on how well it manages its business in this current economic environment," said a new GAO report.
Great-West Enters the In-Plan Income Space
"SecureFoundation" wraps a lifetime income rider around a set of proprietary target date funds for an all-in annual fee of 160 basis points.
The Future of DC Plans, Via PIMCO
A PIMCO executive’s new book is an ode to custom target date funds—and offers a glimpse of the Allianz unit’s retirement business strategy going forward.
Life Insurer Capital and Surplus Grew in 2009
“Robust equity markets” markedly improved earnings in both group and annuity operations.
Vanguard Sees Institutional TDF Flows Triple in Five Years
Participants in Vanguard-administered plans put $21.4 billion into target-date funds in 2009, up from $680 million five years earlier.
Financial Reform Bill Blocked, But Derivative Bill Proceeds
Under an Agriculture Committee-backed bill, insurers who use derivatives to hedge against interest rate risk would have to use standardized derivatives contracts listed on exchanges.
AXA Equitable VUL Offers Downside Risk Buffer
The Market Stabilizer Option offers a rate of return tied to the S&P 500 Price Return index, up to a growth cap. It also provides a downside buffer of...
New Stable Value Unit at New York Life Investments
Aruna Hobbs, who joined New York Life in November 2009 from AEGON Insurance, will lead the new unit.
Wells Fargo Tops Bank Annuity Fee Chart
Wells Fargo & Co. accounted for $678 million, or almost 26%, of bank annuity fee income in 2009, thanks to its acquisition of the perennial leader in bank annuity...
RIIA Weighs In on In-Plan Income Options
Lifetime income options should be offered by all defined contribution plans, but they shouldn't be mandated elections for all participants, RIIA says.
Affluent Still Nervous, Merrill Lynch Survey Shows
Almost three out of four affluent baby boomers ages 51-64 are concerned about whether their assets will last throughout their lifetime.
Principal Financial Introduces Participant Planning Tool
The new tool gives financial professionals access to a comprehensive library of education plans and materials, the company said.
New York Life Reports 2009 Financials
Operating revenue reached a new high and the firm expanded its surplus by $2 billion, to $15 billion.
What the ABACUS 2007-AC1 Offering Circular Says
In the Offering Circular for the CDO at the heart of the SEC lawsuit against Goldman Sachs, the investment bank disclaims any fiduciary responsibility toward other parties in the...
