Anecdotal Evidence

Consumer Groups Urge DOL to Tighten “Reg BI”

Consumer advocacy groups are urging the Department of Labor to return to its 2016 stance--when it required annuity sellers to pledge to act solely in their clients' best interest when recommending rollovers or transfers of tax-deferred savings.

Deferred annuity sales reach $243 billion in 2021: Wink

The top selling annuity issuers by category were Jackson National (variable), Athene (indexed), Allianz Life (structured), and Global Atlantic (fixed-rate). Jackson and MassMutual were the top sellers of variable and fixed annuities, respectively. (Right: Wink CEO Sheryl Moore.)

New MassMutual VA features RetirePay, an income rider

Best known as a fixed annuity specialist, MassMutual had just $11.7 billion in VA assets under management as of Sept. 30, 2021, according to Morningstar. Overall, MassMutual was ranked 20th in VA AUM on that date, with a market share of less than one percent.


March 11, 2022

Meet MassMutual’s Bermuda Reinsurer

MassMutual helped finance Martello Re, the $1.65bn Bermuda reinsurer that just reinsured $14bn worth of MassMutual's in-force fixed-rate and fixed index annuities, and recruited Dennis Ho to be its CEO.
March 3, 2022

Investment, Pension, or Annuity? This Fund Is a Hybrid

Purpose Financial's Longevity Pension Fund, introduced in Canada last summer, is designed to provide sustainable income for life with liquidity of principal. Getting SEC approval for its sale as a mutual fund in the...
February 23, 2022

A Policy Dynamo Touts ‘Dynamic Pensions’

Bonnie-Jeanne MacDonald, an actuary and retirement policy expert at Canada's National Institute on Aging, claims that a non-guaranteed lifetime income tool could generate more income than any annuities. Tontines, anyone?