ING U.S. Retirement will combine its own target date funds with the AllianceBernstein three-insurer annuity platform to offer a lifetime income option to its 52,000 small and mid-sized plans.
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?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
After a credit boom and bust, we face a long period of spending less and saving more, writes the well-known author and NYU Stern School professor.
Bond funds saw net inflows of $116 billion during 2011, while equity funds saw net outflows of $51 billion for the year, according to Strategic Insight.
But 65% just want to be left alone by the government to enjoy the wealth they’ve earned, an annual PNC survey shows.
Although their headcount is down and their images are tarnished, wirehouses remain the kings of investment distribution, according to a report from Cerulli Associates.
More than half of all investors surveyed said they expect to be in a better position financially two years from now compared with today.
Brief or late-breaking news from Jefferson National, Lincoln Financial, and F-Squared Investments.
The gulf between the reality of wealth distribution in America and our ideal wealth distribution is what the “one-percent” controversy is really about.