Indexed annuity sales fall in first quarter: Wink
New York Life was the overall top seller of non-variable deferred annuities, with a market share of 9.6%. Allianz Life retained its top ranking in indexed annuity sales with...
ETFs and alternatives offer hope amid soft variable annuity sales
Despite the negative effect of the DOL fiduciary rule on VA sales to rollover IRA clients, “VAs will still represent an area of opportunity for liquid alternative asset managers,”...
High-profile dealmakers acquire Fidelity & Guaranty Life
Harbinger Group sells indexed annuity issuer FGL to Chinh Chu and William P. Foley II.
Danes reject six-month increase in retirement age
Danes born between 1956 and 1962 are entitled to receive a state pension at the age of 67. Under the plan that has now been dropped, this age would...
Bogoian to lead product development at Prudential Annuities
Bogoian joins Prudential from Voya Financial (the former ING U.S.), where she was senior vice president of Retirement Products.
Roll Over and Play Fair
The LIMRA Secure Retirement Institute's study of participant behavior around rollovers comes at a time when financial advisors need to talk about rollovers more carefully than in the past....
Fidelity expands 401k managed account business
Fidelity announced this week that it will offer fiduciary managed account services to retirement plans that Fidelity is not the recordkeeper for--and where it will compete with managed account...
A mixed picture of life/annuity industry from A.M. Best
'Earnings from individual annuities business were strong, up 63% from 2015, due mainly to the Federal Reserve’s 25-basis-point interest rate increase during the fourth quarter and the decline in...
Average 401(k) balances up 27% in five years: Fidelity
The post-election equities rally and higher contributions drove the average Fidelity 401(k) balance to a record $95,500 and the average IRA balance to a record $98,100 the end of...
Mass Mutual has a new look
In explaining the logic of the new look, MassMutual pointed to some of the financial stresses felt by various U.S. demographic groups, which reflect a lack of income, of...
Honorable Mention
Olivia Mitchell wins EBRI award, Tim Seifert to lead annuity sales at Lincoln Financial, and Brian Duperreault becomes AIG's new chairman and CEO.
New Ladenburg Thalmann unit will help vet indexed annuity sales
The parent of Securities America and other distribution firms has launched a new unit to support fixed annuity sales that are in the clients' best interests.
How myths about the debt cause gridlock
Misplaced dread of the national debt is the sole point of bipartisan agreement in DC, explains economist Stephanie Kelton in the first 38 minutes of this video from the...
Participants in Wells Fargo retirement plans can buy MetLife longevity insurance
Wells Fargo's plan sponsors will be able to offer their participants the option to earmark a portion of their 401(k) savings for a MetLife qualified longevity annuity contract as...
Honorable Mention
Brief or late-breaking items from the CFP Board, iRelaunch, Vanguard, State Street Global Advisors, Prudential Financial, Fidelity and Envestnet.
Hueler Income Solutions and NISA form alliance focused on retirement income for DC plans
'This collaboration allows us to enhance Hueler’s suite of services and delivery model for the benefit of our existing client base and to capitalize on new business opportunities to...
How Boomer decumulation will impact investment returns
'The demographic transition and decline in investment returns is likely to put upward pressure on asset prices until an new equilibrium is reached—an equilibrium with lower investment returns,' writes...
