As an advisor, you can actually put clients in an annuity 'frame of mind.' These and other findings from behavioral finance research were presented at the 2011 Boulder Summer Conference on Consumer Financial Decision-Making last June.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
SunAmerica's 'Retirement Re-Set' study showed why some retirees are happier than others. Jana Greer, president and CEO of SunAmerica Retirement Markets, explains. The company was the sixth biggest VA-seller in 1Q 2011.
“The financial services industry needs to start executing on the reality that many investors don’t plan to retire,” said Laura Varas, Hearts & Wallets principal.
In announcing new fund offerings for DC plans, Securian and BlackRock noted that they're trying to meet plan sponsor demand for greater fiduciary responsibility and lower investment costs.
Plan sponsors say they are concerned about fees, but the share of sponsors who calculate all their fees didn’t rise in the past two years. It dropped.
In an apparent bid to calm equity investors, the Federal Reserve announced that it won't raise its benchmark interest rate until the middle of 2013, at the earliest.
Brief or late-breaking items from Security Benefit, Allianz Life, Lincoln Financial, MassMutual and Prudential Retirement.
The guaranteed lifetime income rider features an income base that is guaranteed to grow at no less than six percent compounded annually for up 20 years.
The equity sell-off and rush to Treasuries didn't happen because Congress failed to cut the deficit or the debt aggressively enough. In my humble opinion, it happened for the opposite reason.