On August 16, 1971, I was cashing an American Express travelers check in a small bank in Melun, France. The tellers were nervous. Something huge had clearly just occurred in the macroeconomy.
On Tuesday, August 10, I was a guest on Chuck Jaffe's Money Life Show, where Jaffe interviewed me about the 'Bermuda Triangle' trend and its implications for life insurers and annuity owners.
Ruark reports on VA/living benefit policyholder behavior; DPL and SS&C partner on new distribution platform; SIMON Markets doubles revenue, raises $100 million; Principal completes integration of Wells Fargo’s retirement business; New training available for retirement plan fiduciaries.
Here are second quarter results from six publicly held life/annuity companies: AIG, American Equity Investment Life, Brighthouse Financial, Equitable Holdings, Lincoln Financial and MetLife.
Cerulli, the global research firm, expects Asia ex-Japan retirement funds to continue to lead in terms of growth, rising at a compound annual growth rate (CAGR) of 11.9% between 2020 and 2025.