By Kerry Pechter
By bundling a deferred income annuity with a managed payout program, T. Rowe Price's optional 'out-of-plan' 401(k) income tool aims to boost participants' spending power in retirement by as much as 50%, relative to a managed payout program with no annuity.
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Test Your ‘401(k) Annuity’ Math Skills
By Kerry Pechter Should 401(k) participants pay fees on annuity benefits they don't know they have, and never use? Are 'in-plan' annuity fees 'fixed' if the issuer can change the benefit crediting rate? Someone, somewhere, must know.
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Lessons from Britain’s national ‘NEST’ egg program
By Kerry Pechter NEST is the U.K.'s experiment with a government-sponsored, portable defined contribution plan for low- and middle-income workers at small companies. Most NEST participants are still far from retirement, but NEST's leaders envision them hedging their longevity risk with late-life annuities.
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Briefs from the ‘Bermuda Triangle’
US insurers hold more private equity, but income on PE drops; State Street sued again for recommending Athene in PRT deals; State Street and Apollo to partner on distribution of private assets; Oceanview launches 'Topsider' fixed indexed annuity; Munich Re wants to take longevity risk out of life insurers' PRT deals; LeMay and Bickler to co-lead Individual Markets at Global Atlantic.
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The Feeling Was De-Mutual
By Kerry Pechter In the 1990s and early 2000s, a wave of household-name mutual life insurers “demutualized” and become stock companies. The conversion was driven by fundamental changes in the U.S. economy and led to fundamental changes in life insurer products and practices. Part I of a special two-part report.
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