At Lincoln Financial, VAs Are a Bright Spot in Down Year
Variable annuity deposits of $2.1 billion were up 9% over 2008 and drove net flows to $838 million, an increase of 42% year-over-year.
Employers Restore ‘Match,’ But Worry About Retirement Readiness
Only 18% of employers were "very confident" about their employees having enough retirement income, Hewitt survey shows.
CCH Reviews Tax Proposals in Obama Budget
“Upper-income taxpayers would actually fare somewhat better under Obama's proposals than they would under current law,” said a CCH tax analyst.
Spotlight on Chairman Schapiro
Lawsuits questioning the competence and integrity of the SEC chairman were discussed at a closed-door meeting of the FINRA board of governors in New York February 10.
TIPS for Retirement Investing in the ‘New Normal’
TIPS can preserve purchasing power, provide systematic income and offer the assurance of a government guarantee for retirees depending on income from their investments.
Agencies Seek Public Input on Lifetime Income Options
Two government agencies want your advice on how to include lifetime annuities or other income arrangements as distribution options in employer-sponsored retirement plans.
Putnam To Help Plan Participants Forecast Income
The Lifetime Income Analysis Tool allows participants to see a monthly retirement income statement based on their current savings plan and account balances.
Pioneer In Life Settlements Calls It Quits
Goldman Sachs decided to shut down Longmore Capital, its life settlements provider, about a month after unplugging its QxX mortality index.
ING to Help Retirement Professionals Grow Their Businesses
The value-added program includes calculators that participants can use to estimate their retirement "number," compare their progress with that of their peers and identify potential gaps in retirement funding.
To Insurers’ Relief, VA Owners Acted Inefficiently
Ruark Consulting's study showed that one in five owners of contracts with a guaranteed lifetime withdrawal benefit (GLWB) or guaranteed minimum income benefit (GMIB) took withdrawals between 2005 and...
SunAmerica Links VA Rider Fees to Volatility Index
Designed for the Polaris series of variable annuities, the two new guaranteed minimum withdrawal benefits are called Income Plus 6% and Income Builder 8%.
Tiny, Embattled Presidential Life Announces a New DIA
The Sentinel deferred income annuity would pay a 55-year-old man $25K per year for life, starting in 20 years, for about $86,900 today.
New BoA/Merrill Ads Ask Prospects to ‘Fill-in-the-Blank’
The new campaign grew from a survey suggesting that half of retirees wish they'd focused more on their ‘life goals’ when preparing for retirement.
Sun Life, Miami Dolphins in Stadium Pact
Sun Life Stadium is now the name of the home of the Miami Dolphins, the University of Miami Hurricanes, the Florida Marlins, and the FedEx Orange Bowl. It will...
Obama Praises Annuities, In Principle
His endorsement thrilled the Insured Retirement Institute, but a conservative talk radio host said the President wants to nationalize Americans' savings.
Employer Match Strikes a Hot Debate
Academic and industry researchers clashed over methodology, but they appear to agree that auto-enrollment in 401(k) plans might have unintended consequences on the employer matching contribution.
Bank Annuity Fee Income Rose 12.9% in 3Qtr 2009
Through September 30, 2009, bank holding companies earned $2 billion from the sale of annuities, a 2.5% increase over the first nine months of 2008, according to the Michael...
Fresh Rumors About MetLife and AIG Reported
Selling Alico would help AIG repay the federal government and might strengthen MetLife's position in Asia, an analyst said.
