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.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
Featured
Anecdotal Evidence

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.
Anecdotal Evidence

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
Anecdotal Evidence

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.
Anecdotal Evidence

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.
Anecdotal Evidence

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.
Anecdotal Evidence

The Bucket

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