Contingent deferred annuities (CDAs) are on the minds of insurers these days and took up a fair portion of yesterday’s seminar on securities products of insurance companies at the Practicing Law Institute in New York.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
Pfau reviews a new book on retirement income planning by financial planner Erin Botsford, who he says "does a good job explaining the safety-first approach to readers who may be unfamiliar with the concept."
This always-bearish guest columnist expects that it will eventually be morning again in America, but not without an intervening period of financial chaos and catastrophe.
The retired Democratic Senator from Nebraska, a former insurance executive and regulator, succeeds outgoing NAIC CEO Terri Vaughn at a turbulent time for the regulation of annuities and other insurance products.
A Wall Street and Washington veteran, White has served as federal prosecutor, white-collar defense attorney, and director of the NASDAQ stock exchange.
Ten new guidance models, known as Nationwide Guided Portfolio Strategies (GPS), allow advisors and clients to choose among multiple pre-packaged options focused on alternatives.
In October 2012, Italy, Spain, Estonia and Slovakia pledged support for the tax, bringing the number of member states backing the FTT to 11, higher than the minimum of nine countries required.