How TOPS Avoids Bottoms

2012 was the first full year of performance of a managed volatility strategy designed by Milliman for TOPS Protected Portfolios and used in Ohio National, Nationwide and Minnesota Life variable annuities with rich GLWBs. The market threw it a curve ball last June.

With BluePrint Income, AARP Ups its Ante on Annuity Sales

AARP's 38 million members can now buy income annuities and fixed-rate annuities on a platform powered by fintech firm Blueprint Income. Buyers get a complimentary annual 'retirement income check-up' from a salaried, insurance-licensed adviser. 

We Could Use Some Inflation

The Treasury said this week that it will borrow (and spend) about $3 trillion this quarter, to cover its stimulus promises. Where does that money come from and where does it go? 'The capital is going from one pocket to another,' explains Vanguard's active Treasury fund manager, who expects the stimulus to be withdrawn in 2022.

Look Homeward, Seeker of Liquidity

During a market crisis, a reverse mortgage home equity line of credit (ReLOC) can be a lifeline of ready cash for homeowners ages 62 and older. Don Graves of HECM Advisors Group explains.
Featured

Guardian Life launches deferred income annuity

"There’s such a great need for income-producing products, that there's no threat of cannibalizing sales” between Guardian Life's variable annuity with living benefits and its new deferred income annuity, said Guardian's Doug Dubitsky.

From Prudential, Prudent Forecasts for 2013

“We’re overweight stocks across the world. We’re also overweight high-yield bonds even though the rally there has been going on a long time,” said Edward F. Keon of Quantitative Management Associates, a unit of Prudential Financial.
News

DTCC protests swaps data reporting rules

A proposed CFTC rule would require that customers who trade derivatives at the Chicago Mercantile Exchange must direct their cleared trades to the CME’s own captive swap data repository.

Simplifying the British national pension is complicated

Starting in 2017, Britain will switch from a double-tier national pension to a single-tier system. Workers must contribute for at least 10 years to get the minimum benefit. For the maximum benefit, they must contribute for 35 years, up from 30 years.

Our events calendar is now up to date

More than 30 professional and trade group meetings and conferences in 2013 are now posted on the RIJ home page, under the Events button on the menu bar, just below our logo.

The Bucket

Brief or late-breaking items from Nationwide, Neuberger Berman, Symetra, and Phoenix Marketing.