Indexed variable annuities (IVAs) offer a potential solution for paralyzed clients—perhaps for those who feel baffled by a market where both bond and stock prices are at all-time highs. Allianz Life and Brighthouse Financial have just issued new IVA contracts.
Sales of certain fixed annuities were lifted by the recent uptick in the Fed's benchmark interest rate, but sales of variable and indexed annuities were depressed in the first quarter of 2017 by uncertainty over the future of the DOL fiduciary rule.
The anticipated low return environment doesn't have to ruin your retirement plans, according to industry and academic speakers at the Pension Research Council's annual symposium, held May 4-5 at Penn's Wharton School.
Prudential and AXA have remained among the perennial leaders of the variable annuity space by patiently tweaking existing products and exploiting niche opportunities.
If you don’t know Ms. Schaus, you must be new around here. She’s an EVP at PIMCO, the head of its defined contribution practice and the voice of its thought leadership in that area. Her new book on DC investment design is co-authored with Ying Gao.
The voluntary multi-employer plan, or MEP, 'will be open to any employer with fewer than 50 employees that does not currently provide a retirement plan to its employees.' Some observers wonder if a voluntary plan will move the dial on access to a retirement plan.
Bonds remains the industry's top invested asset class, but the proportion held in bonds declined as more money was invested in mortgage loans, which made up more than 11% of invested assets at the end of the first quarter.
There are 51 investment subaccounts, 25 asset allocation options and five asset allocation models. Within certain restrictions, the equity allocation can be as high as 80%.
Columbia, SC, will host the first event on June 1, 2017 at the South Carolina Bar Conference Center.
Cumulative assets under management (AUM) for 15 large publicly-held firms grew 3.8% quarter-over-quarter, and 4.8% year-over-year to an all-time high of nearly $11 trillion ($10.999 trillion). BlackRock accounts for about half the total.