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August 22, 2019

A Second Structured Annuity Offers Income

By Kerry Pechter

CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.  

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FIA sales break quarterly sales record (again): LIMRA SRI

'The 10-year treasury rate dropped nearly 50 basis points from the start of the second quarter,” said LIMRA's Todd Giesing. 'We anticipate sales of fixed-rate deferred annuities to substantially drop in the third and fourth quarters.”

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Wide variation seen in British target date funds

Here’s another instance--along with coverage ratios, fiduciary duties of advisors, and the decline of pensions--where the British and American retirement industries share certain challenges.

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RIJ takes vacation, returning September 5

Retirement Income Journal will be on vacation August 23, 2019 to September 1, 2019. We'll return with the September 5 issue. Thanks for reading RIJ!

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Deferred annuity sales up 6% in 2Q2019: Wink

Sales of traditional fixed annuities were down nearly 10% from the prior quarter but up more than 21% over the second quarter last year, according to Wink's Sales & Market Report.

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Kitces’ XY Planning Network adds its 1000th adviser

Members of the network, whose median age is only 39, comprise more than 5% of all state-registered RIAs delivering financial planning services across the country, the organization said.

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Honorable Mention

Most RICP clients delay Social Security benefits; MassMutual boosts support for third-party administrators; DC plan participants ‘stay the course’: ICI

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