Hundreds of TV ads for financial services have appeared during the 2013 NCAA men's basketball tournament so far. None was an absolute slam dunk, but all were good. Read on, watch the video clips, and judge for yourself.
'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.
American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.
A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
Affluent investors seem to love direct retirement product providers, but advisors’ favorite brands vary by distribution channel. Everyone seems to like American Funds.
In 2012, 401(k) participants held 36% of their assets in diversified equities and another 13% in company stock. In 2006, these investors had 40% of their assets in diversified stocks and 19% in company stock, according to Spectrem Group.
“The total monetary cost of dementia in 2010 was between $157 billion and $215 billion,” said the RAND Corporation study. “Medicare paid approximately $11 billion of this cost.”
At year-end 2012, more than 5.7 million Romanians participated in the "second pillar" with net assets of RON 9.64bn (€2.18bn) in nine funds. Since 2008 the number of funds has been halved to eight funds following several mergers, the CSSPP said.
In contrast to competing contracts, this contract's return-of-premium death benefit doesn’t decrease as the lifetime withdrawal benefits are drawn, Phoenix said in a release.
The big inflows into equities did not come at the expense of bonds. Bond mutual funds and ETFs received $72.3 billion in the first quarter, the seventeenth consecutive quarterly inflow.
Brief or late breaking items on New York Life's 2012 financial results, on a Center for Retirement Research study about the effectiveness of retirement income projections on participant savings behavior, an April 11 webinar on variable annuity products sponsored by Morningstar, Inc., and Nationwide's acquisition of 17 HighMark funds.