Wells Fargo’s New Annuity Wagon
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
Anecdotal Evidence
‘Capital Arbitrage’ Helped PE-Led Insurers: Study
From 2009 to 2014, when private-equity firms bought life insurers, they exploited a capital-saving regulatory ruling to lucrative advantage.
News from our subscribers
Honorable Mention
UBS to pay $10 million to settle “flipping” charges: SEC; Jackson National completes sale of equity stake to Athene; AM Best downgrades, removes Foresters from ratings; Craig DeSanto named president of New York Life.
Income Strategies
Retirement Income Budgets: An Actuarial Approach
How much annual or monthly income will your clients have in retirement? The American Academy of Actuaries offers three methods for estimating that amount.
Globalization
Vanguard’s (recordkeeping) passage to India
Infosys, the India-based IT giant, is taking over Vanguard's defined contribution recordkeeping business in a deal valued at $1.5 billion.
COVER STORIES YOU MAY HAVE MISSED
July 16, 2020
Where Does the Fed Get Its Trillions? Ask MMT
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
July 9, 2020
Romancing the Fixed Annuity: KKR Buys Global Atlantic
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
July 2, 2020
Tontine Savings Accounts
'While mimicking the high payouts of an actuarially fair variable life annuity, TSAs would cost significantly less than commercial life annuities,' write Forman and Fullmer.
