Weatherford announces retirement, IRI looks for new CEO
The IRI intends to interview candidates through the spring, identify finalists by mid-year, and have a new CEO employed this fall.
Fund flows turn negative in February: Morningstar
If one still had any lingering doubt about how bad last month actually was in terms of flows, one only had to look at Vanguard: almost $33 billion in...
Less debt for near-elderly households: EBRI
'Families with a near-elderly head show a pattern of stubbornly higher indebtedness than in past generations—specifically those in the 1990s,' the EBRI said.
Need for annuities is strong but interest still weak: Survey
A new CANNEX/Greenwald survey shows that about four in 10 pre-retirees expect annual income under $50k in retirement; 23% expect $50k-$75k and 16% expect $75k to $99k. Under 20%...
Hueler adds new offering to its Income Solutions platform
Plan sponsors who offer a QJSA option will be able to get qualified annuity quotes from Hueler and purchase annuities for participants in the plan.
Wink CEO Sheryl Moore comments on 2017 dip in annuity sales
'A seven-percent loss in sales is an unmanageable hurdle, given the challenges the DOL’s rule had presented,' Moore said in a news release.
Phoenix issues MYGA annuity
If contract owners can choose to keep the right to take a 10% “free withdrawal” of up to 10% of their premium, their guaranteed interest rate will be 0.25%...
Fixed annuity sales end 2017 on positive note: LIMRA SRI
Sales of book value fixed-rate annuities and indexed annuities were higher in the fourth quarter of 2017 than in the same quarter in 2016, according to LIMRA's Secure Retirement...
What the Divergent DOL Rulings Mean: Wagner
'Even though there is not a clear conflict among the Circuits, this case will likely be heard by the Supreme Court,' said ERISA attorney Marcia Wagner after judges in...
Roger Ibbotson embraces indexed annuities over bonds
'Conventional wisdom has most investors de-risking their portfolios by allocating more heavily to bonds as they approach retirement," Ibbotson said. 'Investors should consider other alternatives such as FIAs.'
Conning reports on 2017 insurer M&A activity
'Insurers actively exited underperforming lines and entered specialty segments offering healthier growth and margin prospects,' said a Conning analyst.
Jackson National reports record pre-tax operating income during 2017
An indirect wholly owned subsidiary of Britain’s Prudential plc, Jackson recorded sales and deposits of $21.4 billion in 2017. The insurer recently announced that it would close its Denver...
Convert deferred annuities into long-term care coverage: OneAmerica
People who don’t plan to use their deferred annuities for lifetime income should consider using exchanging their contracts for a hybrid annuity with a long-term care rider, an issuer...
Patterson promoted at Principal Financial
Jerry Patterson will succeed the retiring Greg Burrows as head of the Principal's full service retirement and individual investor businesses.
Allianz Life Accumulation Advantage Fixed Indexed Annuity
Caps and Participation Rates for Available Index Options
Behavior risk is rising for FIA living benefit issuers: Ruark
The amount of client assets protected by a GLIB outside the surrender charge period—a measure of the rising behavioral risk exposure for FIA issuers—increased 82% from 2017 to 2018,...
Babybust? Only 11.7% of financial advisors are under 35: Cerulli
'The industry has been scrambling to find a proactive solution to this demographics problem,' said Marina Shtyrkov, a Cerulli research analyst in a release.
Ireland to adopt auto-enrollment, follow ‘roadmap’ to pension reform
In the next 40 years the ratio of working age people to pensioners in Ireland is expected to fall from 4.5 to one to 2.3 to one, said Taoiseach...
Two providers enter Germany’s new market for hybrid DB/DC plans
Starting in January, Germany has entered into a new workplace retirement plan era, with greater opportunity for hybrid DB/DC plans that feature defined contributions and variable payouts in retirement....
Honorable Mention
Marlene Debel to lead MetLife's institutional retirement business; Funded status of S&P 1500 pension plans rose 1% in January; TrimTabs reports that global equities outdrew U.S. equities after the...
