Big Blue Longevity Dots

For Prudential Financial’s 30-second Super Bowl ad, its agency built a scoreboard-sized wall in a park in Austin, Texas and recruited hundreds of random Texans to post pie-sized blue stickers on it.

Research Roundup

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.'

An Annuity’s ‘Moneyness’? There’s an App for That

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.

A Chip Off the Old Rock?

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.
Featured

Allianz Life Launches New Bonus-Laden FIA

Allianz 222 Annuity is the third fixed indexed annuity offered through the Allianz Preferred platform, joining the previously issued 360 and 365i contracts.
News

Columbia creates blog to monitor securities law enforcement

The brainchild of law professor John C. Coffee Jr., the director of the law school’s Center on Corporate Governance, the blog will be a forum for debate over the effectiveness of SEC enforcement in the aftermath of the 2008 financial crisis.

IRI announces enhanced members-only website

Known until 2008 at the National Association of Variable Annuities, the IRI has more than 500 members, including insurers, broker-dealers and distributors, asset managers, solution providers, and financial advisors.