An Algorithm That Loves Annuities

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.

Annuities and the Charles Schwab Deal

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.

Marshmallows and Social Security

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.
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British pension industry wary of “collective” DC

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

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.
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Hungry for rollover data? This pricey report might help

“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.