By Editor Test
In the newest version of Prudential's Highest Daily lifetime income rider, the former M&E charge is split into an temporary premium-based fee to recover acquistion costs and a smaller, persistent M&E fee based on the account value.
By Editor Test
Under the latest version of GMIB Max, contract owners who take withdrawals before the fifth contract anniversary are locked into a maximum 4.5% per year withdrawal rate. If they defer withdrawals for five years, they can take out up to 5% for
By Editor Test
Under the latest version of GMIB Max, contract owners who take withdrawals before the fifth contract anniversary are locked into a maximum 4.5% per year withdrawal rate. If they defer withdrawals for five years, they can take out up to 5% for life.
By Editor Test
CEO Brad Hewitt said the company hasn’t decided whether it would need to change its name if it changed its customer base. "We haven't figured that out yet," he said. “The reality is, the practical thing is, people call us ‘Thrivent,’ “ he said.
By Editor Test
Ten of 12 recordkeepers surveyed and one in three plan sponsors predict an increasing focus on retirement income for the next three-to-five years, according to the MetLife Retirement Income Practices Study.
By Editor Test
The investment options include TOPS Protected ETF Portfolios, which use a short equity index futures strategy designed by Milliman to reduce volatility.
By Editorial Staff
Brief or late-breaking items from Wells Fargo, Securian Financial, The Phoenix Companies, Great-West Life & Annuity, Financial Engines, LPL Financial, the Concord Coalition, Morningstar, Jackson National and JP Morgan.
By Editor Test
“Some people may feel like they’re pushing mud up hill,” said Karen Wimbish, director of Retail Retirement at Wells Fargo, in describing Americans who are trying to save in a low interest environment.
By Editor Test
Balkanization, conflicted corporate governance, and failed public-private hybrids are three prevalent structural problems that defy solutions.
