Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
In a new whitepaper sponsored by Principal Financial Group, the two retirement experts from The American College use hypothetical cases to show the advantages of using deferred and immediate income annuities to reduce risk in retirement.
'Global insurers are decreasing allocation to public equities,' said Michael Siegel, GSAM’s Global Head of Insurance Asset Management. 'Insurers are also shifting to less liquid asset classes such as private equity.'
The 401k investment advice firm added hundreds of plans. Phyllis C. Borzi, who led the Obama administration's fiduciary rule effort, has joined the Edelman Financial Engines board of directors.
Why 'green' means green
To make money (and save civilization), investment gurus from GMO LLC recommend investing in companies that will benefit from the battle to slow, offset or adapt to the effects of climate change. (Photo: Jeremy Grantham)
The Alliance for Lifetime Income, a trade group made up mainly of annuity issuers and asset managers, has created an online wizard for calculating retirement readiness.
UK pensions race to de-risk before Brexit; 'The environment' ranks low when choosing investments: Allianz Life; OASDI reserves rise $3 billion and gain a year of viability; CBO expects slower real GDP growth in 2019.