A Time to Laugh, or Cry

Just in time for the Insured Retirement Institute annual meeting in San Diego September 9-11, LIMRA and Morningstar have released their first-half variable annuity sales reports.

Research Roundup

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.'

An Annuity’s ‘Moneyness’? There’s an App for That

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.

A Chip Off the Old Rock?

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.
Featured

Why Growth Matters More Than Debt

The author explains why the national debt shouldn't terrify us. This article first appeared last January in The American, the publication of the American Enterprise Institute.
News

Participants better off in TDFs: The Principal

TDFs are better because they offer wide diversification, automatic rebalancing, and age-appropriate asset allocations, says this TDF marketer. But should all young people have high equity allocations?

Young guns want to eat your lunch

Seattle-based FutureAdvisor just raised $5 million in new venture capital. The high-tech startup already ‘analyzes’ $4 billion in client assets and claims to offer guidance to 11 million 401(k) participants.

Letter to the Editor

Jeffrey Dellinger, actuary and president of Longevity Risk Management Corp. of Ft. Wayne, Ind., comments on a recent RIJ article.