The legalized version of the world's oldest profession offers a test-case of risk and reward in Allison Schrager's new book, subtitled, 'And Other Unexpected Places to Understand Risk.' Our guest columnist, a former editor of the Journal of Retirement, offers a review.
Ten years ago, the “retirement income industry,” a narrow but deep niche of individuals and organizations that included much more than the annuity industry, evidently needed a news outlet of its own.
New benefits for people with disabilities, a two-year crediting option, and a new lock-in feature have been added to the best-selling Allianz 222, the Minneapolis-based insurer announced.
'The uptick in fixed annuity sales was bolstered by recent volatile equity markets, which had investors seeking solutions with guarantees,' said Todd Giesing, annuity research director, LIMRA SRI.
From the Hill
The Secure Act (H.R. 1994), which provides for "open multiple employer plans" and reduced liability for employers who want to add annuities to their retirement plans, passed by a lop-sided vote of 417 to 3 this morning.