Surrender to Lapse Risk? Not These Insurers
Over-estimates of variable annuity lapse rates have cost life insurers billions. A group of VA issuers is now working with actuaries at Ruark Consulting to predict those rates more accurately.
Robos Take Manhattan
In New York last week for InVest, a fin-tech conference, I learned that advisors of the future won't be robots. They will be less sexy: Phone reps who help Millennials "navigate the site and provide some advice along the way."
The Cinderella Annuity
Has the time finally arrived for the variable income annuity? At TIAA, where the VIA was invented, they say it never left. New research from the TIAA Institute compares the VIA with a variable annuity with a lifetime withdrawal benefit.
At IRI Legal Conference, Lawyers Parse the “Fiduciary Rule”
The Department of Labor decided not to send an invited panelist the Insured Retirement Institute's Government, Legal and Regulatory Conference on Monday--perhaps because the IRI is party to a federal lawsuit calling for the annulment of the DOL's "fiduciary rule."
Featured
PwC to Wealth Managers: Go Digital or Drown
'Digital has the potential to completely transform every stage of the wealth management journey, from how existing clients are advised and serviced to how prospective clients are identified and marketed to,' says PriceWaterhouseCooper in a new whitepaper.
Brexit: A Long Goodbye, Not a Clean Break
Britain's unemployment rate was low in the run-up to its referendum on EU membership, and the UK needs its 2.1 million European workers, writes The Conference Board's senior economist for Europe.
News
At IRI Legal Conference, Lawyers Parse the “Fiduciary Rule”
The Department of Labor decided not to send an invited panelist the Insured Retirement Institute's Government, Legal and Regulatory Conference on Monday--perhaps because the IRI is party to a federal lawsuit calling for the annulment of the DOL's "fiduciary rule."
‘Live to 100? We can’t afford it’: Allianz Life survey
"The Gift of Time" survey found that almost half (49%) of respondents were open to a non-traditional lifestyle that was unique to their interests, instead of taking a traditional sequence of school, work, marriage, parenthood and retirement).
‘Live to 100? We can’t afford it’: Allianz Life survey
When asked what stopped them from living a less conventional life, 46% blamed 'worries about money,' 33% said 'life events' got in the way, and 22% cited 'lack of a clear plan for how to go about it' or 'fear of failure,' according to Allianz Life's recent survey.
Pace of stock buybacks slows: TrimTabs
Buyback announcements by U.S. companies have totaled $291.7 billion this year, or 32% lower than the $432.0 billion in the same period last year.
Honorable Mention
Brief or late-breaking items from Pacific Life, Genworth, MetLife, LPL, BlackRock, Fidelity, Prudential (2) and Advicent.
