“Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, any time they want,” said the UK Chancellor of the Exchequer, George Osborne (pictured with his new budget), in his annual Budget speech to Parliament.
If annuities in general incite controversy, FIAs are easily the most polarizing annuities. Just listen to what Howard Kaplan, an LPL adviser in the New York area, and Harry Keller, a Philadelphia-area adviser affiliated with ING Financial Partners, have to say.
In this first of a series of RIJ articles on the evolution of fixed indexed annuities, you’ll hear from people at three broker-dealers: One who embraces them, one who still avoids them and one who sells them with mixed feelings.
Many outstanding research papers on retirement income were published in 2013. The ten described here contain ideas that annuity product developers, annuity marketers and financial advisers can apply to their work.
Our guest columnist, who spends part of each year in Britain, offers this exclusive analysis of the implications of the announcements about retirement regulation and annuities by Britain's top treasury official yesterday.
December 2013 was the first month of negative net flow into annuities since Analytic Reporting of Annuities, an online service of DTCC’s National Securities Clearing Corporation (NSCC), began collecting broker-dealer annuity transaction data in 2011.
This week's appeals court decision in the class action suit against Fidelity and one of its 401(k) recordkeeping clients was a "mixed bag for plan sponsors, participants and service providers," wrote ERISA blogger Thomas Clark.
“To the extent that pre-retirees lack confidence about retirement, providers can offer a voice of assurance or reason," said Linda York, the president of syndicated research at Market Strategies International.