Want lots of 2013 data on annuity sales and VA rider use? You’ll find it—plus Richard Thaler’s crowd-stumping riddle—in this roundup of news from the recent LIMRA/LOMA/SoA conference in Chicago.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
Don't hold your breath waiting for the second draft of the Department of Labor's fiduciary proposal. That's one takeaway from a four-hour meeting at the Practicing Law Institute in New York on Tuesday, where securities law experts mulled the history and implications of broker regulation.
"Central banks should set a higher inflation target, which would give them more room to cut nominal interest rates in response to a future slowdown," writes economist Barry Eichengreen, who believes that interest rates and demand are too low.