Breaking Up Is Hard to Do…
…But it can’t possibly be as difficult as health care and pension reform.
Jackson Announces Record Sales, Profit in 2009
A unit of Britain's Prudential plc, Jackson National Life sold $10.0 billion in variable annuities during 2009, up from $6.5 billion in 2008.
Pacific Life Creates “Retirement Solutions Division”
Among other things, the change reflects the recent transfer of Pac Life's structured settlements and retirement annuities business to the division.
MetLife To Acquire ALICO for $15.5 Million
When the deal goes through, AIG is expected pay about $31.5 billion to the Federal Reserve Bank of New York, cutting its debt to the New York Fed to...
Stock Losses Won’t Hurt ‘Early Boomers’
Those who defer retirement to rebuild their savings may be far outnumbered by those forced to retire early by unemployment, according to National Bureau of Economic Research paper.
Pension Funding Edged Higher in February
“We continue to see significant interest in liability driven investing (LDI) from plans looking to limit their exposure to volatility,” said Peter Austin of BNY Mellon Pension Services.
The Joy of Illiquidity
The legendary Roger Ibbotson told money managers that there’s hidden gold in low-turnover stocks.
Western National #1 in 4Q Fixed Annuity Sales
Beacon Research has released its fixed annuity sales rankings for fourth quarter 2009.
Not Much Interest in Income Products: Cogent
Only 14% of those surveyed said they were very familiar with income products and only three percent said they were very interested in such products.
AIG Sells Its Asian Crown Jewel
The sale of Hong Kong-based AIA, would help repay some of the $180 billion that AIG owes to the U.S. government.
In a Down Year, Four Firms Grow Their VA Sales
Prudential Annuities, MetLife, Jackson National Life and Sun Life Financial found a silver lining last year.
So Few Words, So Many Implications
The Department of Labor proposes a subtle change in 401(k) advice regulations that may have huge repercussions for fund companies.
Vanguard’s Forecast of Future Returns
The Vanguard Group's data suggests that annualized real returns will most likely be 6% for stocks and zero to 2% for bonds over the next 10 years.
America Speaks Out—and Against—401(k) Annuities
As of March 2, the responses to the Obama administration's request for input on lifetime options in 401(k) plans tended to be angry but well-reasoned.
FINRA Has “Disastrous Record”: Watchdog Group
FINRA and other SROs have “an incestuous relationship with the industry they are tasked with regulating," according to the Project on Government Oversight.
Don’t Tax High-Earners’ Annuity Income, Says ACLI
It's counter-productive to finance Medicare at our customers' expense, life insurance lobby tells Obama.
Variable Annuity Sales Fall 18% in 2009
“The last time VA sales were at this level was in 2003, at the end of the last financial crisis,” said LIMRA's research director.
Fixed Annuity Sales Fall Overall in 2009
Total fixed annuity sales were $105.1 billion in 2009, just 2% less than the record high in 2008.
