Andrew Carnegie, founder of the non-profit Teacher's Insurance & Annuity Association, now TIAA-CREF, could not possibly have foreseen how his group annuity would lead to today's profitable trillion-dollar variable annuity industry.
Private equity firms have steadily acquired U.S. life insurers and blocks of fixed annuity business and moved the blocks offshore to free up capital. This worries some people.
Micruity, a tech startup with a 30-year-old CEO, says it has the "middleware" that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen?
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.
In his regular quarterly update, the product manager of Morningstar’s Annuity Solutions reviews second-quarter VA manufacturer activity and looks ahead.
Big deferral bonuses and safer investment options characterize the income riders of Nationwide and Sun Life, both of which aim to be among the leading sellers of VAs.
AllianceBernstein's DAA fund, which aims for 60/40 performance without the tails, has been adopted as a risk-reduced investment option in AXA, MetLife, Ohio National, Sun Life, and Transamerica variable annuities. AB's Mark Hamilton explains.
Our neighbor to the north spends only 10% of its GDP on health care, compared to 16% in the U.S., and its hospitality towards immigrants should help ease labor shortages as its Boomers retires.
Facing a need for “ongoing holistic service from a third party,” the report said, many plan sponsors will seek a professional retirement plan advisor who earns a fee or retainer instead of an asset-based charge.
Many Americans yearn to vacation in romantic Italy, But, as this essay from IPE.com explains, Italians yearn for a less stagnant economy, cleaner politics, more jobs and a pension that replaces 60% of final salary.
Brief and late-breaking items from Putnam, Symetra, Pacific Life, Allianz Life, Russell Investments, the Phoenix Companies, The Hartford, and Prudential.