'By using volatility controlled indices, we can offer higher caps,' said Matt Gray, vp of product innovation at Allianz Life. 'In such a low-rate environment, those higher caps have been well-received.' (Image from Allianz Life's facebook page.)
The amount of client assets protected by a GLIB outside the surrender charge period—a measure of the rising behavioral risk exposure for FIA issuers—increased 82% from 2017 to 2018, according to Ruark. (Pictured: Ruark CEO Tim Paris.)
In the next 40 years the ratio of working age people to pensioners in Ireland is expected to fall from 4.5 to one to 2.3 to one, said Taoiseach Leo Varadkar, head of the Irish government.
Starting in January, Germany has entered into a new workplace retirement plan era, with greater opportunity for hybrid DB/DC plans that feature defined contributions and variable payouts in retirement. Plans are approved by management and unions.
'Credit-supply expansions often sow the seeds of their own destruction,' write our two guest columnists, who collaborated on the 2014 book, House of Debt. They teach at the U. of Chicago Booth School and Princeton University, respectively.
'The industry has been scrambling to find a proactive solution to this demographics problem,' said Marina Shtyrkov, a Cerulli research analyst in a release.
Marlene Debel to lead MetLife's institutional retirement business; Funded status of S&P 1500 pension plans rose 1% in January; TrimTabs reports that global equities outdrew U.S. equities after the recent price dip.
Caps and Participation Rates for Available Index Options