Franklin Templeton SVP Drew Carrington says his firm's Defined Maturity Funds, which work like bond ladders, could provide retirement income for 401(k) participants, and could be paired with qualified longevity annuity contracts.
Expert opinions on the crisis from Rob Arnott, David Babbel, A.M. Best, Zvi Bodie, Bill Borton, Francois Gadenne, Stan Haithcock, Per Linnemann, Sandy Mackenzie, Sheryl Moore, Steve Slifer, Eugene Steurele, Scott Stolz, and Randall Wray.
The ratings agency identified three big headwinds facing the life/annuity industry, but also identified some strengths.
Sales of annuities were stellar in calendar 2019--except in 4Q, as WinkIntel and Secure Retirement Institute report. With interest rates ultra-low and investor anxiety high, 2020 sales could go either way.
A new report from actuaries at Ruark Consulting considers how factors like 'moneyness,' crediting rates, adverse selection, and the heightened vulnerability of seniors to COVID-19 might affect the way people use their existing annuities.
'Jackson’s fixed indexed annuity sales jumped 1,293% in 2019, while their fixed-rate deferred annuity sales climbed 169%,' said the Secure Retirement Institute this week. (Photo: Jackson CEO Michael Falcon)
'As of March 18, our forecast of annual growth in dividends is down 28% in the US and 25% in the EU, and our forecast of GDP growth is down by 2.6% both in the US and in the EU,' two Booth School professors write.