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.
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.
Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.
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.