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.
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.
Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.
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.