Running Lapse around Variable Annuities

As the living benefits of variable annuities became more valuable during the financial crisis, contract owners astutely held on to them, according to a presentation by Ruark Consulting at a recent Society of Actuaries meeting in Chicago.

Why Indexed Annuity Sales Are So Strong

Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?

Lessons from a Living (DC) Experiment

Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)

What Advisors Want from Annuity Issuers

This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
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Five Challenges for Life Insurers in 2012: E&Y

“Pressures such as low interest rates, volatile equities markets, and a political and regulatory environment in flux will continue to impact the industry, making it difficult for insurers to boost earnings," Ernst & Young said iin a release.

The Fees Ate My Savings

A gerontology professor argues in a new article that Americans’ 401(k) holdings are coming up trillions of dollars short, thanks to high investment management fees.
News

Lynne Ford leaves ING

Ford’s departure was “the result of some consolidation within our broader retirement business," an ING spokesperson told RIJ.

New Celent report forecasts DC trends

The defined contribution industry will see growing use of collective investment trusts and custom target date funds, according to a new report from Celent.

Do Motley Fool stock recommendations beat the market?

“A strategy of shorting stocks with a disproportionate number of negative picks on the site and buying stocks with a disproportionate number of positive picks produces a return of over 9 percent per annum over the sample period,” a National Bureau of Economic Research paper said.

Portugal to apply pension funds to deficit

The measure aims to transfer pension funds' liabilities to the Portugese Social Security program while using the assets to help the government meet its budget deficit target and pay down its debt.

The Bucket

Brief or late-breaking items from MetLife, Vanguard, Boston Research Group, Securian, Nationwide, The Hartford and the MIT AgeLab.