Retirement Wonks and Honky-Tonks
Having stopped Congress from cutting tax breaks for savers in December's tax bill, the American Retirement Association celebrated with three-days of reflection and revelry in Nashville.
Conference update
LIMRA Ponders the Annuity Puzzle
'We can stick with business as usual, or we can work with regulators to remove some of the hurdles to selling annuities,' said Ernst & Young's Doug French at the Retirement Industry Conference in Chicago last week.
Pitching to RIAs
Great-West to distribute its new indexed VA to RIAs on the RetireOne platform
RIAs hate annuities--unless they can exchange a client's existing contract for something cheaper and more suitable. Great-West sees opportunity there.
People with pensions conserve their savings: EBRI
'Instead of spending down, a large number of retirees are continuing to accumulate assets throughout retirement,' writes Sudipto Banerjee of T. Rowe Price, who prepared the report on decumulation for the Employee Benefit Research Institute.
Anecdotal Evidence
Little Love for SEC ‘Best Interest’ Proposal
Having kicked the fiduciary can for two decades, the SEC has finally done something. But it didn't seem to do much--or, more importantly, enough--to define the phrase "best interest."
Executive Moves
High-level hirings at AXA, Jackson, John Hancock and Lincoln
People in motion include Aaron Sarfatti, Scott Romine, Greg Masucci, Tim Munsie, Patrick Murphy and Chris Neczypor.
Total revenue for public life insurers rises in 2017
The industry garnered a year-over-year $9.5 billion tax benefit in 2017 due to the impact of tax reform. Nearly three-quarters of that went to Prudential, MetLife and Aflac.
COVER STORIES YOU MAY HAVE MISSED
April 12, 2018
An Income Strategy for a Couple with $200K
Joe Tomlinson, an advisor who often recommends immediate annuities in income plans, takes a different tack in his plan for a hypothetical couple, both age 65.
April 5, 2018
‘Peeps’ Try to Peck Through a Pension Shell
A Pennsylvania maker of colored marshmallow ‘chicks’ wants to be the first company in a ‘closed MEP’ pension plan to stay in the plan but put all new hires in a 401(k). A $60...
March 29, 2018
It’s Hot Around the ‘Collar’
Nervous investors can get an indexed collar strategy from an annuity or an ETF. Great West Financial and Innovator Capital Management have new products in the category. Cap-and-buffer products, pioneered by AXA, are the...
