Rates may still be low, but annuity products keep coming off the assembly line. American General has a new deferred income annuity, Security Benefit a new fixed indexed annuity and Securian a new variable annuity contract.
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.
A new proprietary research report asks, among other questions, whether managed volatility funds actually enhance market performance or if they sacrifice too much upside in exchange for downside protection.
Each January, this guest columnist provides a unique review of not just the previous year in the financial markets but of their last 87 years.
Income Choice Strategy combines two fixed annuity contracts intended to provide guaranteed income for 14 years, and, beginning in year 8, a step-up in income equivalent to a 3% annual inflation adjustment.
Robert Arena, who led The Hartford’s individual annuity business, joins Forethought as President, Forethought Annuity, a unit of Forethought Life Insurance Co.
A Wall Street and Washington veteran, White has served as federal prosecutor, defense attorney, and director of the NASDAQ stock exchange.
“More than half of plan sponsors they are likely to conduct a search for recordkeepers within the next two years,” said a senior analyst at the Boston-based research firm, which has just published a study on large and "mega" defined contribution plans.
Both cheers and Bronx cheers greeted a suggestion that Basel III's demands for greater bank capitalization might be "softened." MIT's Simon Johnson is against any softening.
Brief or late-breaking items from ING U.S., the U.S. Department of Labor, Veralytic, the Financial Planning Association, Mesirow Financial, Northwestern Mutual, and the Retirement Income Industry Association.