VA issuers can’t keep bearing so many of the contract risks. Milliman's Ken Mungan (above) and Deep Patel suggest three ways to make VA manufacturing more sustainable.
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
After highlighting new VA contracts from big issuers last week, we now turn to four new products from second-tier or regional insurers, all of them with sturdy A-level strength ratings from Moody’s, Fitch and Standard & Poor’s.
Jay Hauenstein, a dually-licensed advisor in Mississippi who manages about $10 million in VA assets, looks for contracts with strong roll-ups and death benefits.
BP's falling share price has cost the NY state pension fund more than $30 million, but NJ's public pension fund earned a $5.5 million profit from its investment in BP plc.
To repurchase almost $1 billion in preferred shares, Lincoln Financial Group is selling $335 million worth of common stock and up to $750 million of senior notes.
The move is expected to allow the government to save €18bn, or about $27 billion, and combat a growing pensions deficit.
Plan providers are able to win loyalty in each size-tier to the extent that they meet the needs of that tier, says Cogent Research.
Under one proposed rule, marketing materials that include a date in a target date fund’s name must also disclose the fund’s asset allocation at the target date.