Annuity Sales Declined in 2017: LIMRA

Structured annuity sales increased 25% in 2017, to $9.2 billion, but indexed annuity sales fell year-over-year for the first time since 2009, according to the LIMRA Secure Retirement Institute.

Poland unveils retirement system overhaul

Poland is preparing to use auto-enrollment to move workers into a new kind of employer-based defined contribution plan, with mandatory employer and employee contributions. The 20-year-old system of diverting part of the payroll tax to so-called OFE funds would vanish.

IRI Presents its Lobbying Goals for 2018

The Insured Retirement Institute, which advocates for the interests of manufacturers and distributors of annuities on Capitol Hill, held a somewhat muted press conference this week.

Brighthouse offers new VA rider

FlexChoice Access offers a 5% compounded annual deferral bonus for the first 10 contract years. Contract owners can choose whether to receive level payments for life or higher withdrawals early in retirement.

Annuity Industry Sales Estimates

In 2017, total annuity sales decreased 8% to $203.5 billion compared with 2016, according to LIMRA Secure Retirement Institute’s Fourth Quarter 2017 U.S. Individual Annuity Sales Survey.


February 15, 2018

Spain Looks for New Ways to Save

Spain plans to reduce the fiscal burden of its national pension by dropping cost-of-living increases. Retirees will need to offset the loss of purchasing power with other savings. But the DC system here is...
February 8, 2018

How to Have Enough Money for Retirement

More than 10,000 economists converged last month on Philadelphia (where Ben Franklin's bronze likeness idles on a bench on the Penn campus) for the American Economic Association's annual meeting. Several papers on retirement strategy...
February 1, 2018

A ‘Blueprint’ to Sell Income Annuities Direct

Abaris Financial, founded in 2014 to market SPIAs, DIAs and QLACs online, has rebooted itself as Blueprint Income. It hopes to sell single-premium immediate and deferred annuities as well as multi-premium 'personal pensions.' ...