Last week, the Society of Actuaries held its investment conference in New York. We weren't far from the brass statue of the Wall Street bull, but the sell-side's unquenchable optimism about the future was missing. Practical new ideas flourished nonetheless.
Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for American Equity, and makes it a 'Bermuda Triangle' player. Photo: AEL headquarters in Des Moines.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
A senior economist at the World Bank believes that medical technology will keep finding ways to keep us going--and going strong--for much longer than nature intended.
During the first weekend of March Madness, I saw a commercial for Northwestern Mutual Life that emphasized the importance of combining insurance and investments--and that seemed to have chosen bi-racial couples to reinforce that message.
The National Reverse Mortgage Lenders Association RiskSpan Reverse Mortgage Market Index (RMMI) rose to a record 203 in Q4 2015 from 198.53 in Q3, the association said this week.
The U.S. fund industry had new asset flows of $263 billion, or less than half of the $580 billion in 2014. Asia showed the strongest organic growth rate, at 18.6%, according to Morningstar's fourth annual Global Asset Flows Report.
Brief or late-breaking items from Prudential, the CFP Board, Fidelity and TIAA.