Annuicide Prevention Tool

By establishing a standard for valuing in-force income annuities, an industry task force hopes to reduce fear of "annuicide" and stimulate SPIA sales. "We're taking a thorn out of the lion's paw," says Gary Baker of Cannex. (Links to pdfs of task force documents included.)

Time to Put Benjamins Back in the Sock Drawer?

At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.

Pitching Income Annuities on Greed

Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.

Research Roundup

Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.
Featured

DTCC issues first-quarter annuity 2012 sales data

In the first quarter of 2012, DTCC's Insurance & Retirement Services division processed 12 million annuity transactions involving almost 3,000 different products worth over $38 billion for 106 insurance companies and 111 broker/dealers.

The Mad Men of Wall Street

Our guest columnist saw a news report that said 10% of the 3.9 million people who work on Wall Street are "clinical psychopaths." He set out to discover the provenance of that report.
News

Look to Asian bonds for growth: AGI

Portfolio managers at Allianz GlobaI Investors expect the renminbi (RMB) to become a fully convertible currency by 2020, but China will "have to liberalize its interest markets .”

Basel III could lower big banks’ ROE by 20%: Fitch

For financial institutions, Basel III creates a tradeoff between declining ROE, which might reduce their ability to attract capital, versus stronger capitalization and lower risk premiums, which benefits investors, says Fitch Ratings.