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.
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.
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.
Sellers of risk protection might not take comfort in its expectation of low rates until 2014, however.
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?
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.
As many predicted, the Labor Department’s 401(k) fee disclosure initiative hasn’t stirred a hornet’s nest. But we’re only two months into the sunshine era.
Jeffrey Dellinger, actuary and president of Longevity Risk Management Corp. of Ft. Wayne, Ind., comments on a recent RIJ article.
Social Security deserves our respect and protection, not our contempt or our scorn. Even if it does crowd out private annuities.