'Inflation is like a ninja,' write the authors of a timely article in The Journal of Investing. These experts from the CFA Institute and Franklin Templeton review the major asset classes and consider how each might perform during a period of high inflation.
If our current inflationary trend is caused by kinks in the global supply chain, does it make sense to raise interest rates, knock asset prices down, and put people out of work? The economist Abba Lerner wouldn't think so.
A new program, which acknowledges the physical toll of blue collar work, allows people to claim their state pensions up to three years earlier than the standard national pension age if they have worked for 42 to 44 years.
Three firms are working with UC: State Street Global Advisors (SSgA) provides the custom target date funds, MetLife issues the QLAC annuity, and Fidelity Investments serves as the recordkeeper of UC's $34.6bn plan.
Fixed indexed annuity (FIA) sales were $17.3bn; up 4.0% from 2Q2021 and up 25.6% from 3Q2020. Allianz Life was the top seller, with a 13.3% market share. The Allianz Benefit Control Annuity was the top-selling FIA. (Photo: Wink CEO Sheryl Moore.)