The executive vice president and head of retail at Jackson National Life (and former chairman of the National Association of Variable Annuities) spoke with RIJ about the two kinds of advisers, about fixed indexed annuities and about being the top annuity seller.
Boston College, DCIIA and Morningstar provide new research on Britain's 'NEST' experience with auto-enrollment, custom TDFs and why replacing bad 401k investment options is a good idea.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
The same plaintiff's attorneys are after Fidelity again--for overcharging its own plan for recordkeeping. The alleged overcharge--about $90 million over five years--amounts to less than 20 basis points (about $300 per participant) per year from the plan.
The retirement movement needs more focus. There are lots of strong voices, but they're not singing in the same language from the same hymn book at the same time.
Guardian may have been inspired by the success of Jackson National’s Elite Access variable annuity, which has sold well among advisers who in the past were unlikely to buy variable annuities.
“One area of intriguing promise is actively managed ETFs, a segment of intense innovation activity for the coming years,” said Ari Nachmany, research director at Strategic Insight.
Marijuana stock hustles tend to use the same techniques as “pump and dump” stock ploys, says FINRA, which is warning investors about dodgy securities of firms selling the psychoactive herb in states like Colorado, where it is now largely legal.
The artist/architect Madeline Arakawa Gins believed that houses with unconventional colors and planes could extend the lives of their inhabitants indefinitely.
Brief or late-breaking items from Voya Financial (ING U.S.), T. Rowe Price, Towers Watson, Symetra, Sun Life and Northwestern Mutual.