Perhaps unintentionally, "roll-ups," aka deferral bonuses, have arguably become the key feature of variable annuities with GLWBs. But can they save VAs from becoming a niche business?
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?
A year or more after the financial crisis, major VA annuity issuers are trying to do more with less—less risk, that is. Here are nine of the latest efforts.
Prudential Financial and Jackson National Life rack up sales with variable annuity contracts that ignore the adage, ‘Simplify, simplify, simplify.’
"Among the primary forces putting upward pressure on the deficit is the aging of the U.S. population," the Fed chairman said.
U.S. Rep. George Miller (D-CA) said that the proposed elimination of fee disclosure requirements was “unacceptable.”
“Offering registered fixed index annuities gives us products that we can make available to many banks and full-service brokerage firms,” said Lynne Ford, CEO of ING Financial Solutions.
The 2055 Fund is aimed at investors between ages 18 and 22.
One possible explanation is that the highly educated have better access to medical care and better adherence rates to prescribed regimes.
This week, we focus on the latest products and sales trends. Next week, we’ll delve into the issues that cloud the variable annuity industry's future.