Breaking News
New bill would tax billionaires’ unrealized gains; Largest defined benefit pensions near 100% funding: Milliman; Know your ‘end-investor,’ Cerulli urges asset managers; Envestnet Insurance Exchange will carry Equitable RILA.
SRI Survey: Annuities fit middle-income and mass-affluent
Of advisers who serve retirees and pre-retirees with less than $500k in financial assets, 48% say that annuities are more appropriate for these clients than wealthier clients, the Secure...
Investcorp buys Sunset Life, sets up Insurance Solutions unit
Investcorp hired Todd Fonner and Nathan Gemmiti, executives with experience at Blackstone and Apollo, respectively, to run its new venture providing investment guidance to life insurers.
Consortium to promote income options in 401(k) plans is formed
So far, Nationwide and Alliance Bernstein have joined the “Lifetime Income consortium,” which was created by Cannex, Broadridge FI360 Solutions, and Fiduciary Insurance Services.
New RBC capital factors will affect insurer investment policy: AM Best
A new Best’s Special Report, “Navigating the New NAIC Risk-Based Capital Factors,” states that insurance companies likely will see increased required capital for bonds.
Private equity/life insurer partnerships proceed
American Equity invests in residential real estate firm; Everlake Life is born, a child of Blackstone; AIG and Blackstone close $50 billion deal; Sunset Life rating under review after...
Survey focuses on rising use of alternative assets by insurers
'The search for yield amid low interest rates has driven insurers into non-traditional asset classes and away from traditional safe havens,' said Sandeep Sahai, CEO, Clearwater Analytics. He urges...
Breaking News
DOL sets new schedule for enforcing fiduciary rules; Annexus and Sammons roll out FIA with ESG index, multi-option rider; RIAs can now access an Allianz RILA with income rider...
Retirement-related tax breaks = $276 bn in 2019
The value of exclusions and deferrals of taxes for contributions to and earnings in pensions and retirement savings accounts was $276 billion in 2019. The exclusion for employee health...
Retirement reforms cut from Build Back Better Act
The 'back door' Roth IRA will not be closed, and limits won't be placed on contributions by higher-income individuals with large account balances, NAPA Net reported.
Breaking News
Investcorp hires ‘insurance solutions’ expert away from Blackstone; US ranked 19th among world’s retirement systems; Pacific Life VAs to include Invesco ‘Defined Outcome’ funds; Fund and ETF flows abate...
Seven questions that reveal financial biases
'Understanding clients' underlying biases and mitigating suboptimal investment decisions is critical for advisors in a digitally pervasive environment,” a Cerulli Associates report said.
Jackson issues its first structured annuity (RILA)
RILA sales hit a record $9.8 billion in the second quarter of 2021. Jackson enters a field whose peloton includes the leader, Equitable, and fast-followers Allianz Life, Lincoln Financial,...
Breaking News
Biden DOL gives green light to green funds in retirement plans; Morningstar announces a ESG Pooled Employer Plan; After 45 years, two of the initials in the acronym ‘KKR’...
Deferred annuity sales up 10% in 2Q2021: WINK
Jackson National, Equitable, Allianz Life, AIG and New York Life were the market share leaders in major annuity product categories in the second quarter of 2021, according to Sheryl...
Honorable Mention
American Equity partners with BlackRock and Conning on its AEL 2.0 strategy; Go big (in alternative assets) or go home, KKR CIO tells insurance CIOs; Allianz Investment Management launches...
Royal Mail adopts ‘Collective’ DC; NEST to hold private equity
Royal Mail is converting its defined benefit pension plan to Britain's first "collective defined contribution" plan or CDC. In other UK news, the National Employment Savings Trust, or NEST,...
Use of bond ETFs for retirement income expected to rise: Cerulli
A new Cerulli report also explores sales of annuities to fee-only advisors; '84% of independent registered investment advisors (RIAs) sold no annuities in the last 12 months… despite significant work in...
Retirement assets total $37.2 trillion in 2Q2021
Assets in IRAs totaled $13.2 trillion at the end of 2Q2021, up 5.4% from the end of 1Q2021. Defined contribution (DC) plan assets were $10.4 trillion at the end...
Honorable Mention
Riskalyze to feature Allianz Life annuities; Great American annuities now on the Halo platform;
