Are bond yields awful? Are investors terrified of equities? Then it’s perfect weather for indexed annuities, the unpredictable but often effective knuckleballs of the annuity world. Check out these new "stacked" offerings from Security Benefit Life and Aviva.
Connecting with investors via full-size computer screens is so last-decade. People now live on their smartphones, and the financial industry has little choice but to follow.
At a vulnerable juncture in the evolution of their products, publicly-held VA issuers are feeling unprecedented pressure from Wall Street. That was made clear by speakers at the IRI Marketing Conference in New York this week.
In an effort to de-risk its book of GMIB business, Transamerica Life is offering to buy back the benefit. And one firm, Achaean Financial, wants to help insurers convert some of their living benefits to immediate variable annuities. Is this the start of a trend?
Matthew Hutcheson, who portrayed himself as a champion of fuduciary responsibility, was indicted by a federal grand jury last week in Boise, Idaho, on charges of stealing millions of dollars from a multi-employer retirement plan of which he was the trustee.
“Financial advisers will be of greater help to their clients if they focus on a broad array of tools – including working longer, controlling spending, and taking out a reverse mortgage," says a new paper from the Center for Retirement Research at Boston College.
Inflows and net flows have increased in each of the first three months of 2012, breaking a declining trend in 2011, but Inflows and net flows were down in the first quarter of 2012 compared to the first quarter of 2011.
Actively managed U.S. large-cap stock funds saw their eleventh straight quarter of net outflows, with $20.9 billion heading to the exits.
People retiring this year in the Midlands are the most likely in the UK to rely on the State Pension (40%). This compares with a quarter (28%) of those in Scotland.
Brief or late-breaking items from Prudential Financial, ARIA Retirement Solutions, Lincoln Financial, Ibbotson Associates, MassMutual Retirement Services, and Nationwide Financial.
I don’t necessarily agree with all the policy recommendations of Modern Monetary Theory proponents. But, for me, MMT helps explain much of what was previously inexplicable about our financial system.