With the worst of the Crisis apparently over, Fed watchers are wondering about Chairman Bernanke's exit strategy from a low interest rate environment.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
As of March 2, the responses to the Obama administration's request for input on lifetime options in 401(k) plans tended to be angry but well-reasoned.
The Department of Labor proposes a subtle change in 401(k) advice regulations that may have huge repercussions for fund companies.
The Vanguard Group's data suggests that annualized real returns will most likely be 6% for stocks and zero to 2% for bonds over the next 10 years.
Prudential Annuities, MetLife, Jackson National Life and Sun Life Financial found a silver lining last year.
The sale of Hong Kong-based AIA, would help repay some of the $180 billion that AIG owes to the U.S. government.
Only 14% of those surveyed said they were very familiar with income products and only three percent said they were very interested in such products.
Beacon Research has released its fixed annuity sales rankings for fourth quarter 2009.