Will RIAs Sing This ARIA?
ARIA Retirement Solutions and AEGON/Transamerica have created a stand-alone living benefit (SALB) for the $1.3 trillion managed account market.
Jackson Hits the Alt-Option Key
Jackson National Life's newest variable annuity contract, Elite Access, offers a variety of high-turnover alternative investment options inside a tax-deferred wrapper--and no living benefits.
The Income Expert
In this video, Mark J. Warshawsky, director of Retirement Research at Towers Watson, discusses his new book, Retirement Income (MIT Press, 2012) with RIJ editor Kerry Pechter. Their conversation focuses on the author's recommended strategy of buying a series of immediate annuities during retirement.
Low Hanging Life Insurers
Patient investors in search of stock-market bargains might consider the shares of U.S. life insurance companies.
Featured
Getting into the Heads of RIAs
Data on the views and practices of RIAs are included in a recent study co-authored by Howard Schneider (left), of Practical Perspectives and Dennis Gallant of GDC Research.
News
Record sales for income, indexed annuities in Q4 2011: Beacon
Fourth quarter’s fixed annuity sales held up well on a period-to-period basis, declining only 1.7% to $17.3 billion. At $2.2 billion, income annuities were up 17.6%.
Jackson reports record net income of $683m in 2011
An indirect wholly owned subsidiary of Britain’s Prudential plc, Jackson generated a record $22.9 billion in total sales and deposits, up 16% over 2010. Retail net flows also increased 11% over 2010 to a record $13.6 billion, the company said in a release.
Few active managers beat indices: S&P
In the two true bear markets the SPIVA Scorecard has tracked over the last decade, most active equity managers failed to beat their benchmarks, Standard & Poor's said.
Fidelity identifies a group of older clients averaging $360k in retirement accounts
Fidelity reviewed users of either or both IRAs and 401(k)s within its customer base, and came up with average balances overall and among clients in the 65-69 age bracket.
The Bucket
Brief or late-breaking items from Athene, Prudential Financial and T. Rowe Price.
Politicized Economist
Laurence Kotlikoff of Boston University, a member of the RIJ community, is running for president of the United States on a "purple" platform. But he's hardly middle-of-the-road.
Will RIAs Sing This ARIA?
ARIA Retirement Solutions and AEGON/Transamerica have created a stand-alone living benefit (SALB) for the $1.3 trillion managed account market.
