Are You Being Served?

After my father died, I called his reverse mortgage lender and said the house was theirs. Little did I know that I'd get "sued," that the house had to go through foreclosure and that the process would take over a year. There has to be a better way.

Trends RIJ Will Track in 2021

When will annuities be loved? After all the creative destruction of the past 10 years, what’s next for the annuity industry? Which trends will persist? Which products will flourish? We discuss the trends that Retirement Income Journal expects to cover in 2021 and beyond.

The Catch-22 of In-Plan Annuities

Fixed deferred annuities may be the most promising candidates for inclusion in 401(k) plans. But in order to adapt these contracts to the defined contribution space, they must lose some of the 'illiquidity' that helps make annuities valuable. Some innovative solutions are now on the market.

Bermuda Triangle Part IV: The Reinsurance Angle

Publicly-held life insurers are using reinsurance to improve their balance sheets. But at what cost? 'I believe that many of these blocks of business are only being funded in part with real assets,' a forensic accountant told RIJ.
Featured

RetiremEntrepreneur: Andrew Rudd

Andrew Rudd, the co-founder of Barra, Inc. (now the MSCI Barra suite of portfolio analysis tools) started Advisor Software Inc. in 1995 to adapt Barra technology for adviser use. "I was always interested in creating products," says the British-born Californian..

Prudential launches new version of Highest Daily GLWB

In the latest iteration of Prudential's Highest Daily guaranteed lifetime withdrawal rider, contract owners must put 10% of premium into a fixed-rate fund. Like its predecessors, this version of the rider employs an automatic modified CPPI risk management system.

Prudential’s New Edge: Dynamic Rate-Setting

"If manufacturers can be more dynamic in reacting to changing conditions they don't have to set prices as conservatively. That should benefit investors," said a competitor about Prudential's ability to change VA GLWB roll-up and payout rates as often as monthly.
News

Mutual funds gain 20% in 2013: Cerulli

With $74.7 billion, Vanguard added the most of net inflows of any mutual fund manager. Dimensional Fund Advisors followed with $22.5 billion, J.P. Morgan with $21 billion, MFS with $18 billion and and Oppenheimer Funds with $16.1 billion.

The Bucket

Brief or late-breaking items from ING U.S. (Voya), MassMutual Retirement Services, Securian, New York Life and MetLife.