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.
Originally a platform for distributing structured notes to broker-dealers, SIMON is adding index-linked annuities to its product suite. Prudential is both an investor and, as of today, a product provider.
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
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.