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.

‘SIMON’ Makes Indexed Annuities Simpler

Originally a platform for distributing structured notes to broker-dealers, SIMON is adding index-linked annuities to its product suite. Prudential is both an investor and, as of today, a product provider.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
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.