'We are seeing a significant shift in the annuity market,” said Todd Giesing, assistant research director at LIMRA's Secure Retirement Institute. 'We have to go back 20 years—to 1995—to find when the VA market share was 45% or lower.'
'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.
American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.
A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
'It will be hard to design a compensation program that eliminates all incentives to provide improper advice,' said Boston-based ERISA attorney Marcia Wagner during a webinar this week on her interpretation of the DOL fiduciary rule.
Trump talked about Treasuries bonds as if they were the dispensable top-timbers on a Jenga pile, when they actually comprise the indispensable bottom tier. No, Treasuries aren't in danger of default. They're not even slightly illiquid.
In a research note, TrimTabs reports that stock buyback announcements have totaled $261.5 billion this year through Thursday, May 19. This volume is down 35% from $399.4 billion in the same period last year.
The proposed rule will reinforce and codify recent HECM reforms that FHA has implemented in the past several years, and will also add new consumer protections.