Where can you find lowest SPIA prices on the web? RIJ compared prices at Immediateannuites, Income Solutions, Fidelity and (as a benchmark) Cannex. And the winner was...
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
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 week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
An ad campaign featuring the 1967 Buffalo Springfield classic, "For What It's Worth," and other factors are helping drive higher income annuity sales in Australia for Challenger Ltd. Their latest product offers liquidity in the first 15 years.
The largest share of 401(k) assets is clustered in big accounts, and the highest-earning participants reap the most tax benefits, says a GAO study. The CEO of ASPPA, a plan administrator group, says the study is wrong.
His firm's "temporary life annuities" offer a remedy to some of the perceived shortcomings of income annuities that were mentioned in a May 1 Wall Street Journal article, says Gary S. Mettler, vice president at Presidential Life.
Had owners of deep-in-the-money variable annuity living benefits acted more "rationally" at the depth of the financial crisis, the issuers of those contracts might have suffered much more serious losses.
The new design “simplifies the structure of the businesses and increases the responsibilities of the senior leaders and their respective teams,” the company said in a release.
Brief or late-breaking news from Lincoln Financial, Allianz Life, Prudential, Mutual of Omaha, BNY Mellon, Nationwide, New York Life and AXA Equitable.