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.
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?
The soft-spoken Herb Kohl (D-WI) fights for retirees as chairman of the Senate Special Committee on Aging, which will hold hearings on retirement income June 16.
Interest rate risk keeps us all in suspense. Here’s how executives at Vanguard, New York Life, Delta Global Advisors, Prudential Annuities, and Loomis, Sayles cope with the uncertainty.
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.