What’s Your Competition Doing? E&Y Knows

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.

The Sacrificial Payroll Tax

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.

An Income-Generating ‘Collar’

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?

Life Insurers’ Bermuda Triangle, Part II

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.
Featured

SPIA Flow at Fidelity: $70M-a-Month

Sales began going up after Fidelity incorporated SPIAs into its online retirement planning tools: the Income Strategy Evaluator and the Guaranteed Income Estimator.
News

Vanguard issues annual DC report

"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.

AARP disavows reports of its reversal on Social Security

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.

Your financial crisis is different from my financial crisis

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.”

The Bucket

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.

Annuities, Sudden Darlings of the Media

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.

A $100 Billion Market for SPIAs?

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.