VA issuers should take a cue from Michael Jordan, and realize that team players win more championships than individual stars, advises Bing Waldert of Cerulli Associates.
Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for American Equity, and makes it a 'Bermuda Triangle' player. Photo: AEL headquarters in Des Moines.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
Consulting actuary Tim Pfeifer, a self-professed fan of the guaranteed lifetime withdrawal benefit, spoke with RIJ about the evolving variable annuity market.
Prudential, MetLife and Jackson National, which have dominated sales since the VA industry's post-crisis shake-out, all added to their market share in the first quarter of 2011, according to Morningstar's quarterly VA report.
The value of annuity assets held outside retirement plans was $1.637 trillion in 1Q 2011, its highest point since the third quarter of 2007, according to the ICI Retirement Industry Report.
A new report from the General Accounting Office shows, among other things, that delaying Social Security can be cheaper than taking it early and making up the difference with an income annuity.
Probably, says ERISA expert Fred Reish--but not if the model is managed by a 'discretionary fiduciary.'
The latest Fidelity poll of older married couples suggests that their pillow talk rarely includes retirement matters.
Welcome to Retirement Income Journal’s Variable Annuity Month. We’re devoting all four of our weekly issues in July to the promise and the problems of variable annuities.