Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
'This product is primarily for equity investors who want to mitigate their downside risk, not people who want a safe investment that has more return potential than bonds,' said Kevin Rabin, vice president of Retirement Products at Symetra.
Athene and Annexus also said they intend to launch a new fixed index annuity, called Athene Velocity, with a free built-in income rider, but did not elaborate.
The research firm said in a release this week that its Macroeconomic Index is near a record high.
AM Best’s evaluation of a company’s innovation level will be based on two elements: innovation inputs (the components of a company’s innovation process), and innovation outputs (the impact of the company’s innovation efforts).
Ubiquity raising $19 million to finance small plan recordkeeping software; Gen-Xers are a lost generation in the workplace: MetLife; Betsy Palmer takes top communications job at AIG; New 3.05% fixed income option for retirement plans from Principal; MassMutual launches new investment platform for DB plans; Stephen Grourke to lead fund-raising at The American College; NFP to acquire Bronfman Rothschild, merge it with Sontag Advisory LLC; Ascensus continues to expand by acquisition.