Who do advisors think of first when asked to name a variable annuity provider? The just-published 2010 Advisor Brandscape from Cogent Research reveals that and much more.
Private equity firms have steadily acquired U.S. life insurers and blocks of fixed annuity business and moved the blocks offshore to free up capital. This worries some people.
Micruity, a tech startup with a 30-year-old CEO, says it has the "middleware" that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen?
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
The new Income Link rider pays out between 5% and 10% of the income base for a few years, then 4% for life. "It's designed for higher income in the near-term," says Dave Paulsen, Transamerica's national sales manager.
A recent study by a doctoral candidate at the University of Virginia examines all of the reasons why people don't buy income annuities--and reveals two hidden reasons why they should.
"With CD rates at 1% and fixed annuities crediting a mere 3.65% on average, it is no wonder that this was the second-highest quarter in terms of indexed annuity sales,” said Sheryl J. Moore, president and CEO of AnnuitySpecs.com.
"VA sales jumped more than $3 billion in the second quarter,” said Joe Montminy, assistant vice president for LIMRA's annuity research.
Morningstar and Strategic Insights both reported mutual fund and ETF flows for July, but the numbers didn't match. If you know why not, please write and tell us.
The acquisition accelerates Broadridge’s e-strategy while strengthening its industry-leading compliance communication capabilities, the company said in a release.
A new report designed to help employers reduce their exposure to fiduciary liability lawsuits appears to reflect an increasingly adversarial relationship between plan sponsors and plan participants.