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.
What happens when Wall Street dealmakers who are in business to make a killing enter the life insurance industry, where people are traditionally in business to make a living?
The U.K.’s pension ministry has proposed ‘defined ambition’ as a remedy for the country’s retirement savings ills. ‘DA’ is a hybrid of DC and DB, but remains otherwise undefined. Pictured: A worker at a Morrisons supermarket in Britain.
Retirement industry trade groups don’t want deficit hawks to reduce the tax incentives for retirement savings. Last week’s Senate resolution affirming the status quo was a result of their lobbying efforts.
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.