An Algorithm That Loves Annuities

By Kerry Pechter
PrARI, the retirement product allocation calculator that Cannex recently acquired with its purchase of the Qwema Group, shows advisers how to maximize retirement income (or legacy) using a blend of mutual funds, variable annuities and income annuities.

Short on Shares, Women Share Homes

By Jenna Gottlieb
Single, divorced and widowed older women are reducing their expenses by sharing a home or apartment with similarly situated women. A new website helps them find each other.

Merrill Lynch’s Intentions are “Clear”

By Kerry Pechter
"I want to be careful not to call it a product or a service. It’s an approach,” said David Tyrie, head of Personal Wealth and Retirement at Merrill Lynch Wealth Management, in describing Merrill Lynch Clear, a new communication strategy aimed at Boomers.

MetLife’s New DIA, and Its Competition

By Kerry Pechter
This story includes a handy chart that can help you compare the features of the deferred income annuity contracts currently offered by eleven U.S. life insurers. MetLife’s is the newest and most flexible.
Featured

British pension industry wary of “collective” DC

By Editorial Staff
The UK's retirement system is a work in progress. With private DB plans expected to vanish in 2016, the government is promoting Danish-style DB/DC hybrids (not US.-style DC) as their replacements. The reaction has been mixed.

Voya hires Milliman to hedge its closed VA block

By Editorial Staff
In 2010, Voya Financial stopped actively writing new retail variable annuity products with substantial guarantee features and separated its closed block of VA business from its ongoing businesses, according to a release.
News

Hungry for rollover data? This pricey report might help

By Editorial Staff
“Retirement is a significant lifestyle change and it may take many individuals extra time to come to a decision, especially if a spouse is still working," write the authors of a new research report from Cerulli Associates.