By the end of this cautionary tale, you might want to run out and, like Tom Hegna, buy a dozen annuities. (In photo: The film's fictional couple, under financial stress.)
'Central banks should live with supply-driven inflation, rather than destroy demand and economic activity – provided inflation expectations remain anchored,' write Elga Bartsch and Nicholas Fawcett of BlackRock's Macro Research team.
Voya to keep records for new pooled employer plan (PEP); MetLife announces 'significant' pension risk transfer deal in UK; SEC bolsters oversight of private funds; Public pensions are 85.5% funded: Milliman.
New buffered product
AIG combines elements of a variable annuity, a registered index-linked annuity, and of Milliman's Defined Outcome ETFs into a series of Advanced Outcomes Annuities.
'We see growing interest in accumulation-focused FIA products, as investors seek principal protection with greater investment growth,” said Todd Giesing of the Secure Retirement Institute.