Nervous investors can get an indexed collar strategy from an annuity or an ETF. Great West Financial and Innovator Capital Management have new products in the category. Cap-and-buffer products, pioneered by AXA, are the brightest spot in a dismal annuity sales picture.
I rented a Fiat 500 and drove to Gibraltar for a mid-day meal with Dean McClelland, the creator of TontineTrust, a retirement income product based on crypto-currency.
The IRI intends to interview candidates through the spring, identify finalists by mid-year, and have a new CEO employed this fall.
The longevity reinsurance market for smaller pension buy-ins and buy-outs has been plagued by the administrative burden of pricing and executing contracts for many small transactions.
The MarketProtector's IncomeAccelerator living benefit ratchets up the client's annual withdrawal rate for each year when no withdrawals are taken.
The caps for the “growth” versions of the index strategies are 11.5% for the S&P 500, 14.0% for the SPDR Gold Shares and 20% for the iShares U.S. Real Estate ETF.
If one still had any lingering doubt about how bad last month actually was in terms of flows, one only had to look at Vanguard: almost $33 billion in January, barely $12 billion in February, writes Morningstar senior analyst Alina Lamy.
It will be an uphill battle to convince RIAs to sell more fixed indexed annuities, given RIA’s "proven lack of adoption of variable annuities,” Cerulli said.