Life insurers, advisors and consumers should embrace his immediate variable annuity (IVA) with a refund option and a death benefit, says Achaean Financial CEO Lorry Stensrud.
Almost every controversial subject in the US today--from Fed policy to machine learning to immigration--contains an element or theme related to retirement policy. The articles reviewed in this month's Research Roundup are proof of that.
A former chief actuary of Denmark seeks a US target date fund company that might use his technology, the 'iTDF,' to create a seamless transition from pre-retirement savings to safe income during the first 20 years of retirement.
Matt Zagula is an annuity wholesaler and fixed indexed annuity (FIA) designer. He and forensic accountant Tom Gober created the TSR ratio, a scale for rating FIA issuers. Mutual and fraternal insurers score best; private equity-led life insurers score worst.
Even Alan Greenspan is said to fret about the potential for a collapse in Treasury prices, reports this week's guest writer.
Target-date funds continued to gather assets, with inflows of $20.5 billion in 2010 through April.
Sen. Al Franken (D-MN), the former "Saturday Night Live" comedy writer, wants an independent panel to assign Wall Street deals to rating companies.
The fund will track the Barclays Capital U.S. Credit Bond Index, a value-weighted index of investment-grade, corporate fixed-rate issues with maturities of one year or more.
In the first quarter, Allianz Life again led all issuers with a 20% market share. Its MasterDex X was the top selling product for the fourth consecutive quarter.
Total annuity sales for the first quarter were $47.4 billion, down 6.9% from $50.9 billion in the previous quarter, and down 27%, from $64.4 billion in the first quarter of 2009.
A growing number of 401(k) plan sponsors, retirees, record keepers and regulators want retirees to stay in their plans well into, or even straight through, retirement, PIMCO has found.
"The industry is still feeling the fallout from the Great Recession," Cerulli's Lisa Plotnick tells RIJ. "But the bad news is not unaddressable."