Launched five years ago, Ernst & Young's Retirement Income Knowledge Bank has become a useful map of the competitive landscape for insurers and broker-dealers.
Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.
Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Sales began going up after Fidelity incorporated SPIAs into its online retirement planning tools: the Income Strategy Evaluator and the Guaranteed Income Estimator.
"How America Saves," now in its 10th edition, is a compilation of data from Vanguard's 2,000 defined contribution plans, which cover three million participants with about $400 billion in assets.
While smaller than most of the other 15 companies on the list (see today’s Data Connection), Life Insurance Co. of the Southwest, Royal Neighbors of America and The Standard have strong ratings--and a whiff of counter-culture about them.
The annual J. D. Power and Associates U.S. Full Service Investor Satisfaction Survey also found that most people don't understand the difference between the "fiduciary" and "suitability" standards of advisor conduct.
In Washington, AARP's CEO denied earlier statements by his own policy chief that the organization was open to future cuts in Social Security benefits if the cuts made the PAYGO system more financially sustainable.
New research from Olivia S. Mitchell of Wharton’s Pension Research Council et al shows that financial crises are felt differently by the young and the old, and by those who either suffer “triple whammys” or are “doubly fortunate.”
Brief and late-breaking items from DTCC, Fidelity, MetLife, Charles Schwab, Strategic Insight, PLANSPONSOR, Sun Life Financial, Lincoln Financial Distributors, John Hancock and Retirement Plan Advisory Group.
Positive articles about annuities are certainly welcome—especially at a time when a relentless interest-rate drought is desiccating their value—but recent pieces in Barron's and the New York Times didn't advance the annuity dialogue very far.
Income annuities aren't a good product fit for every insurance company. But for New York Life, a mutual company with tons of reserves and a big book of life insurance, they make perfect sense.