Fixed indexed annuities will “increase their dominant position in the individual U.S. annuity market” and “approach variable annuity sales levels over the next five years,” predicted actuary Tim Pfeifer at the Retirement Industry Conference in Arlington, Va., last week.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
Charles P. Nelson (pictured) will lead Voya Financial's individual and institutional retirement businesses after serving more than 30 years at Great-West Financial. He fills a management gap left by the sudden departure of Voya Retirement Solutions chief Maliz Beams last fall.
Last week, after almost five years of deliberation, the Department of Labor asserted its right to police the financial advice that individual IRA owners are given. What gives the agency that right, or that power?
One of the firm's top portfolio managers had a $50 million interest in one of his funds’ largest holdings, the Securities and Exchange Administration said, in announcing its settlement of the charges with BlackRock.
Sen. Warren spoke in favor of greater financial regulation at the annual Hyman Minsky Conference, sponsored by the Levy Economics Institute and held this year at the National Press Club in Washington, D.C., on April 15.