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.
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.'
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.
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.
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).
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 has also introduced a new investment portfolio – the SunAmerica Dynamic Allocation Portfolio –as an underlying investment in their variable annuity products.
"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.
Job losses in higher-income industries like government and financial services have apparently added to the weakness in household earnings and hurt overall spending.
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.
We’re making retirement income research RIJ’s main topic for February.