The financially fit, well-diversified insurer collected almost twice as much in annuity premiums as its closest competitor in the first quarter of 2009, benefiting from a “flight to quality” in the wake of last year’s economic meltdown.
Boston College, DCIIA and Morningstar provide new research on Britain's 'NEST' experience with auto-enrollment, custom TDFs and why replacing bad 401k investment options is a good idea.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
NAVA has moved from the Virginia suburbs to downtown Washington, the better to lobby Congress on behalf of annuity manufacturers and distributors. But the Association for Insured Retirement Solutions, as NAVA has called itself for the past two years, won't reveal its new name or acronym until July.
Deloitte has a new patent pending product, Life Options, that would allow consumers to purchase insurance against capital market downturns and longevity risk.
A new report from Milliman recommends ways that variable annuity issuers can simplify their living benefits to minimize a potential increase in reserves when "VACARVM" kicks in later this year.
John Hancock has launched a low-cost A-share variable annuity with a simplified lifetime income guarantee. The company hopes it will appeal to a broad swath of worried, retirement-bound Baby Boomers.
Even among workers with $100,000 or more in savings and investments, only 26% were very confident about retirement in 2009, down from 35% in 2008.
Financial Engines' Retirement Plan is “a personalized statement” that gives “401(k) participants a comprehensive roadmap” to retirement.
Journalist and scholar Ed Epstein examines New York's ongoing public pension scandal, and the “placement agents” who use their political contacts, financial experience, powers of persuasion, and other means to extract pension fund money for private equity firms.
Former MassMutual retirement income executive Stephen L. Deschenes will manage the annuities division at the U.S. division of Sun Life Financial.