Allianz Life, Genworth Financial, John Hancock Life, and MetLife have all introduced new variable annuity contracts. Of the four new entries, John Hancock's stands out as the simplest and cheapest.
'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the US. RIJ interviewed two of its top executives.
Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.
A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
A federal appeals court has ruled that index annuities are risky enough to be called securities, but it also gave insurance forces time to pursue a legislative remedy in this regulatory turf war.
Compensation that isn't subject to the portion of payroll tax that funds old age benefits now represents foregone revenue of $115 billion a year.
“We've been in the retirement business for 20 years managing defined benefit assets, but are now really ramping up our DC effort,” a Goldman executive said.
Morgan Stanley Smith Barney has launched Select Retirement, which adds an optional Nationwide Life Insurance fixed income annuity option to the Select unified management account program.
“The reductions reflect the need to realign our expenses with the reduced volume of business that we have experienced in our investment products business, particularly variable annuities,” a Hartford Life spokesman said.
While more than 70% of asset managers say they've just begun to tap the target-date fund opportunity, a small but growing percentage think the phenomenon may have peaked.
Doctors may choose to donate care to the needy when it suits them. But they won't let the government turn their profession into a public utility.