The complex deal at the heart of the SEC’s case against Goldman Sachs may reveal Wall Street to be a labyrinth or casino, but it doesn’t necessarily establish fraud.
Here's an income plan for a hypothetical 65-year-old couple with $1.6 million in savings, a real income goal of $8,000/mo. in retirement, and a legacy goal of $1.5 million.
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
"SecureFoundation" wraps a lifetime income rider around a set of proprietary target date funds for an all-in annual fee of 160 basis points.
A PIMCO executive’s new book is an ode to custom target date funds—and offers a glimpse of the Allianz unit’s retirement business strategy going forward.
"The sustainability of any positive trends in AIG's operations depends on how well it manages its business in this current economic environment," said a new GAO report.
Wells Fargo & Co. accounted for $678 million, or almost 26%, of bank annuity fee income in 2009, thanks to its acquisition of the perennial leader in bank annuity sales, Wachovia Bank.
Aruna Hobbs, who joined New York Life in November 2009 from AEGON Insurance, will lead the new unit.
The Market Stabilizer Option offers a rate of return tied to the S&P 500 Price Return index, up to a growth cap. It also provides a downside buffer of up to 25% if the index underperforms.
Under an Agriculture Committee-backed bill, insurers who use derivatives to hedge against interest rate risk would have to use standardized derivatives contracts listed on exchanges.
Participants in Vanguard-administered plans put $21.4 billion into target-date funds in 2009, up from $680 million five years earlier.
“Robust equity markets” markedly improved earnings in both group and annuity operations.