At the NAPA 401k Summit in Las Vegas this week, nearly 2,000 plan sponsor advisors et al worried about policy threats to their industry. At nearby slots and gaming tables, middle-class Americans fecklessly squandered their nest eggs.
'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.
American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.
A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
The final quarter of 2016 was a bloodbath. Fixed annuity sales fell 13% to $25.7 billion, after strong results in the first three quarters. Variable annuity sales totaled $25.3 billion, down 20% from the same quarter in 2015.
'The challenge now—for the developed economies, at least—is to develop stronger and more streamlined social‐solidarity systems, create room for more individual choice in the use of benefits, and make benefits portable,' writes our guest columnist, a vice president of the Brookings Institution.
U.S. equity has been in positive-flow territory for four consecutive months, a feat not witnessed since late 2014, according to Morningstar's fund asset flow report for February.
IRA investors can get a model portfolio of actively managed T. Rowe Price funds, digital services and access to a live phone rep. All costs are built into the expense ratios of the funds.
“Debt, lack of a retirement plan at work, and low savings,” are the three main contributors to low retirement confidence, said Craig Copeland, EBRI senior research associate and co-author of the report.
Oddly, 81% of the upper class, as defined by Pew Research, describe themselves as middle class, according to a survey by LIMRA and Maddock Douglas.