Lobbying 101

Retirement industry trade groups don’t want deficit hawks to reduce the tax incentives for retirement savings. Last week’s Senate resolution affirming the status quo was a result of their lobbying efforts.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

An Income-Generating ‘Collar’

Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?

Life Insurers’ Bermuda Triangle, Part II

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Featured

Fed to Link Interest, Jobless Rates

Federal Reserve chairman Ben Bernanke said the Fed still plans to suppress interest rates until at least mid-2015, even while tying any rate increase to a decline in the unemployment rate past 6.5%. The Fed's bond purchases will jump to $85 billion per month.

Life Insurers, Under Three Microscopes

“Life insurers have weathered the financial crisis in terms of solvency but not in terms of profitability,” said analyst Mary Pat Campbell of Conning Research. Conning, Ernst & Young and Fitch Ratings have all issued new reports or commentaries on the U.S. life insurance sector.
News

AXA Equitable donates famous mural to the Met

America Today, Thomas Hart Benton's 10-panel mural celebrating national progress in the 1920s, had been on display in the lobby of AXA Equitable's New York City headquarters from 1996 until this year.

End is in sight for U.S. ownership of AIG shares

“We are very pleased to repay 100 percent of all that America invested in AIG plus a total combined positive return – or profit – of $22.7 billion,” said AIG president and CEO Robert H. Benmosche.

The Bucket

Brief or late-breaking items from or about Prudential Insurance, Phoenix Companies, Nationwide Financial, Lincoln Financial Group, Great-West Financial, New York Life, John Hancock Financial Network, Genworth Financial, Lincoln Retirement, and Cogent Research.