How to End ‘Annuicide’

Compensation-wise, income annuities can backfire for many advisors. An industry committee wants to solve the problem, but it’s not easy.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
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Anecdotal Evidence

Reading the Minds of the Affluent

Cogent Research has tapped into the attitudes of wealthy retirees and pre-retirees toward retirement income products.
News
Anecdotal Evidence

Auto-enrollees save less, Aon Hewitt study shows

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%.
Anecdotal Evidence

Downtick in GLB elections: LIMRA

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.
Anecdotal Evidence

The Bucket

Brief or late-breaking items from DST, Lincoln Financial, Symetra and Prudential.
Anecdotal Evidence

Always Protect Your Story

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."