Morningstar and Redtail expand partnership
The integration expands the relationship between the two firms. In 2014, Morningstar's proprietary research and analytics were added to the Redtail CRM user interface.
Americans still overestimate safe retirement spending rate: NY Life
At greatest risk are the 31% of respondents who believe they can spend 10% or more of their savings each year.
Symetra’s new indexed annuity offers rising lifetime payout rates
If a single person age 60 to 64 invested $100,000 in a Symetra Income Edge FIA contract, under the level option he or she would be eligible for a...
Advisors must distinguish themselves from robots: Cerulli
'As the ‘robo’ threat stirs conversations about the cost of advice, it is more important than ever for advisors to articulate their value,' said the latest edition of The...
Double-digit revenue declines at Sun Life and Manulife: A.M. Best
Nine of 23 life/annuity companies reported higher revenues in 2015, but two Canadian companies, Manulife Financial and Sun Life Financial, saw revenue declines of 38.2% and 25.2%, respectively.
Vanguard again leads monthly active and passive inflows: Morningstar
Vanguard's 28.9 billion net inflow for the month was higher than inflows for the other nine largest fund companies combined. All active fund providers but American Funds and BlackRock...
Honorable Mention
Brief or late-breaking items from Millennium Trust, AARP, The American College, Allianz Life and the Teamsters Union.
Record sales of indexed annuities brighten otherwise flat 2015
Fixed indexed annuity sales hit a new high of $16.1 billion in the fourth quarter of 2015, up 11.9% from $14.4 billion in the prior quarter and up...
Fiduciary rule may be long-run “negative” for life insurers: Fitch
The new regulations could have a "negative impact on the sale of certain annuity products, drive changes in product offerings, distribution strategies and compensation structures and lead to increased...
LIMRA LOMA launches fiduciary rule help center
'We will host several events, where industry leaders tasked with implementation can share their ideas and perspectives on the challenges created by the DOL fiduciary rule," said a release...
With DOL in mind, Insurance wholesaler starts an RIA
'With the pending DOL rule, we feel that Sawtooth is helping us to be uniquely positioned to help our advisors satisfy the requirements of the new rule,” said...
Lincoln adds new death benefit to VA as tax buffer
The "Earnings Optimizer" will cost 40 basis points per year for contracts owners or annuitant under age 70. The cost will be 70 basis points per year for those...
Ruark shares results of FIA behavior study
In contrast to variable annuities, the FIA experience does not show clear sensitivity to the relative value or “moneyness” of GLWB riders, Ruark found after studying eight years of...
Security Benefit offers floating-rate fixed deferred annuity
Contract owners receive a guaranteed base rate of interest that is set for the contract’s guarantee period, plus the 3-month ICE LIBOR USD Rate (subject to a cap), which...
Another robo—the “Robin Hood of fees”—takes aim at fund fees
"FeeX" shows visitors the differences between the fund fees they are paying and funds that offer similar investments but lower fees--then helps visitors into a rollover IRA at Betterment,...
MetLife isn’t a SIFI, federal judge rules
Judge Rosemary Collyer's opinion was sealed, but parts may be made public next month.
Half-a-point rise in benchmark rates now expected in 2016
“I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Fed Chairwoman Janet Yellen said at the Economic Club of New York this week.
Where you work determines your retirement: EBRI
The percentage of workers who describe themselves as “very confident” about having enough money for a comfortable retirement leveled off at 21% this year, after rising to 22% in...
Six ways to ease the global pension crisis: Citigroup
"Private pension assets are forecast to grow $5-$11 trillion over the next 10-30 years and strong growth is forecast in insurance pension buy-outs, private pension schemes, and asset and...
Senior home equity estimated at $5.83 trillion: NRMLA
The National Reverse Mortgage Lenders Association RiskSpan Reverse Mortgage Market Index (RMMI) rose to a record 203 in Q4 2015 from 198.53 in Q3, the association said this week.
