TIAA Expands into 401(k) Plan Market
Many firms are trying to add retirement income options to defined contribution plans at for-profit companies. TIAA, which invented the in-plan annuity for the non-profit world, intends to cross-over...
American Life & Security FIA adds ‘macro regime’ index
Midwest Holdings has only about $77 million in market cap, but it wants to be on the leading edge of the 'convergence of insurance and investments.' Its American Life...
The coming wealth transfer: $84.4 trillion
'About $72.6 trillion in assets will be transferred to heirs, while $11.9 trillion will be donated to charities,' according to Cerulli Associates. More than half will be transferred by...
LGIM America launches ‘Retirement Income Fund’ and four other funds for DC plans
In early 2022, LGIM said it will be 'completing a long-life strategy, which is the longevity piece of our solution and designed to support individuals into their later years...
Breaking News
DPL and Security Benefit add ‘total return’ index option to FIA; Americans expect market volatility in 2022: Allianz Life; Lincoln redesigns participant-facing website.
Fortitude Re, Midwest Holdings pursue ‘triangle’ strategies
Fortitude Re, a reinsurer backed by The Carlyle Group, a $276 billion private equity firm, is completing its annuity-reinsurance-asset management strategy. Midwest Holdings' life insurer, American Life, has launched...
Breaking News
I-bonds now offer 7.12% return; A great year for life insurer stocks: WSJ; AllianzIM issues new iteration of its buffered outcome ETF; Funding levels of large pensions rose in...
Breaking News
Retirement Income Journal takes a holiday break; Great American offers fixed multi-year guaranteed rate annuity for RIAs; Lincoln’s 401(k) adds Income America 5For Life; Jackson buys back 2.2 million...
Insurers fret about meeting ‘return targets’: Cerulli
'Eighty-one percent of insurers are concerned about meeting return targets given the low interest rates,' Cerulli's latest products report said. It also documented heavy outflows from low-volatility ETFs.
Re: Allianz Life, F&G, Oceanview Re
Three items: Allianz unlocks $4.07 billion in surplus through $35 billion FIA reinsurance deal with units of asset manager Sixth Street; AM Best affirms F&G's 'Excellent' strength rating but...
Equitable launches RILA with income benefit
The Equitable SCS-Income registered index-linked annuity offers growth potential, plus a selection of downside buffers against loss, plus a lifetime withdrawal benefit that puts a floor under the value...
Breaking News
Net income of life/annuity companies on track to double this year: AM Best ; Pacific Life enhances offerings for RIAs; Luma enhances annuity and structured product comparison tool; Mutual of...
Deferred Income Annuity Added to U. of California 403(b) Plan
Three firms are working with UC: State Street Global Advisors (SSgA) provides the custom target date funds, MetLife issues the QLAC annuity, and Fidelity Investments serves as the recordkeeper...
FIAs maintain sales momentum in 3Q21: Wink
Fixed indexed annuity (FIA) sales were $17.3bn; up 4.0% from 2Q2021 and up 25.6% from 3Q2020. Allianz Life was the top seller, with a 13.3% market share. The Allianz...
Denmark’s ‘Arnes’ can apply for early pensions
A new program, which acknowledges the physical toll of blue collar work, allows people to claim their state pensions up to three years earlier than the standard national pension...
Share of ‘advisor-reliant’ investors grew since 2015: Cerulli
The proportion of affluent investors who consider themselves predominantly 'advisor-reliant' rose to 42% in 2021 from 37% in 2015, according to the Cerulli Edge-US Retail Investor edition.
Pacific Life and tech partners develop annuity tool
The tool, developed with assistance from Ensight and Insurance Technologies, can compare the hypothetical performance of multiple annuities and the amount of lifetime income they could generate under varying...
How inflation impacts 2022 tax provisions: Wolters Kluwer
Taxpayers with the same income in 2022 as in 2021 will tend to experience a lower tax rate in 2022 than in 2021 due to automatic inflation adjustments, according...
Fidelity to help participants buy income annuities
The new 'Guaranteed Income Direct' program gives workers the option of purchasing an immediate income annuity, with institutional pricing and offered by an insurer they choose, along with digital...
John Hancock transfers VA risks to Venerable
Venerable Holding will reinsure $22 billion worth of in-force variable annuity contracts issued by John Hancock Life. The deal releases $2 billion in capital for Manulife, which will put...
