Genworth Exits the VA Race

“They’re editing their lineup,” said Eric Berg, an analyst at Barclays Capital. “They’re getting out of the businesses where they lack meaningful size." (Above, Genworth CEO Mike Fraizer.)

The Five Most Important Retirement Income Decisions

'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'

A Closer Look at CLOs (and Other U.S. Credit)

Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.

She’s Got Advice for Life Insurers

'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
Featured

2010: A Truth Odyssey

Each January, Ron Surz, president of PPCA Inc. and Target Date Solutions of San Clemente, California, unveils his proprietary interpretation of the prior year's market performance. We've publish a summary, with a link to the complete, chart-rich document.

Are Direct-Sold Funds a Better Value?

New research argues that broker-sold mutual funds—both active and passive—tend to generate lower returns at higher costs than direct-sold mutual funds.
News

National Life Group adds income option to IUL products

If the policy owner is between ages 60 and 85 and the policy has been in force for at least 15 years, and the policy has sufficient value independent of any outstanding loans, the owner can exercise the rider and receive a lifetime income stream.

Poland mixes politics with pensions—with mixed results

Polish workers pay 19.5% of taxable income into the mandatory pensions system, of which 12.2% goes into a plan like our Social Security and 7.3% goes into privately-run DC plans. Starting this year, much of the 7.3% will go to a government-run DC plan instead.

Health spending grew less rapidly in 2009

Health spending rose only 4% in 2009 to $2.5 trillion, or $8,086 per person, down from 4.7% in 2008. Consumers spent $299.3 billion out-of-pocket on health care, up 0.4%.

VA from Fidelity and MetLife marks $1 billion in sales

MGGI simplifies the investment option selection for the customer by offering a single fund, the Fidelity VIP FundsManager 60% Portfolio, which uses an asset allocation approach to achieve exposure to multiple asset classes.