Compensation-wise, income annuities can backfire for many advisors. An industry committee wants to solve the problem, but it’s not easy.
A few years ago, MassMutual mothballed Jerry Golden’s SPIA tool for advisors. Now, post-crisis, the company has re-embraced SPIAs, and sales are up.
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...
Income annuities aren't a good product fit for every insurance company. But for New York Life, a mutual company with tons of reserves and a big book of life insurance, they make perfect sense.
Cogent Research has tapped into the attitudes of wealthy retirees and pre-retirees toward retirement income products.
A survey suggests that not all is rosy in 401(k) land. At 120 large plans, the median account balance is under $25,000, 30% of participants have loans, and 3-year annualized returns are under 2%.
Year-over-year, the election rate fell by one percentage point, to 86%, in the first quarter of 2011 for all types of guaranteed living benefits.
Generally, low levels of ability to access $2,000 on short notice correlated with low income. But the researchers were also surprised to see so many high-income households without $2,000 readily at hand.
A new white papers shows that plan participants want flexibility, safety, advice, sponsor oversight and fee transparency from financial products and service providers.
Brief or late-breaking items from DST, Lincoln Financial, Symetra and Prudential.
Two weeks ago, when Prudential plc's CEO told analysts that he envisioned unspecified risk reductions in Jackson National's VA by end of year, he clearly didn’t realize that his statement could muddy Jackson's well-honed "story."