Halfway Back to Prosperity?

Carmen Reinhart, co-author with Kenneth Rogoff of the best-selling "This Time Is Different," spoke at the IMCA conference in New York this week. We're five years into a 10-year recovery from the credit binge, she said.

Research Roundup

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.'

An Annuity’s ‘Moneyness’? There’s an App for That

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.

A Chip Off the Old Rock?

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.
Featured

Keynes vs. Hayek: The Rap Video

This hip-hop bout between "Keynes" and his nemesis "Hayek" was screened at the IMCA conference Tuesday. If you're not among the millions who've seen it on YouTube, prepare for highbrow humor with a back beat (you can't lose it).
News

Allianz Life launches new indexed annuity

Only field marketing organizations and agents associated with the Allianz Preferred distribution model will distribute the Allianz 365i Annuity, whose income rider costs 1.2% per year.

SunAmerica expands lifetime income options

SunAmerica has also introduced a new investment portfolio – the SunAmerica Dynamic Allocation Portfolio –as an underlying investment in their variable annuity products.

BlackRock launches ‘Multi-Asset Income Fund’

"We want to help clients employ different strategies that go beyond the simple, 60/40 equity-and-fixed income portfolio rule of the past,” said the head of BlackRock’s U.S. retail business.

The Bucket

Brief or late-breaking items from Prudential Retirement, John Hancock Annuities, John Hancock Financial Network, TD Ameritrade, TIAA-CREF, Northwestern Mutual Life, Securian Retirement, and Great-West Life & Annuity.