Must-Read Income Research of 2013

Many outstanding research papers on retirement income were published in 2013. The ten described here contain ideas that annuity product developers, annuity marketers and financial advisers can apply to their work.

The Sacrificial Payroll Tax

Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.

An Income-Generating ‘Collar’

Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?

Life Insurers’ Bermuda Triangle, Part II

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Featured

Prudential’s New Edge: Dynamic Rate-Setting

To reduce interest rate risk exposure, Prudential has adopted a protocol that allows it to change roll-up rates and payout rates on its living benefit riders within a month, if necessary. Other insurers applaud, but one broker-dealer hopes the practice doesn't spread.

Journal of Retirement Publishes Winter 2014 Issue

An article by Steve Vernon of the Stanford Center on Longevity lists seven objections to annuities and offers counter-arguments to each. The issue also includes articles on tontines, on structured variable annuities and on the under-reporting of retirement income.
News

LIMRA: Annuity sales strongest in 11 years

Indexed annuity sales set a new quarterly record of $11.9 billion, an increase of $1.7 billion from the third quarter. For 2013, indexed annuity sales totaled $39.3 billion, up 16% over 2012.

How to improve public pensions: SoA panel

In April 2013, the Society of Actuaries commissioned the SOA Blue Ribbon Panel to address burning questions about public pension funding. The results of the Panel’s work were published last week.

Trade groups give one cheer for Maryland retirement proposal

"We will not allow the process to be derailed by other agendas; if a proposal does not meet our criteria, we will do everything we can to oppose and defeat it," said ASPPA and NAPA in response to Maryland legislation that calls for retirement plans in every workplace.

The Bucket

Brief or late-breaking items from Prudential Annuities, Woodbine Associates, the National Institute on Retirement Security, USAA and the Federal Reserve Bank of New York.