'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.'
Americans own almost $900 billion worth of variable annuities with lifetime income guarantees. Uncertainty over the way policyholders and their advisers might use the contracts can keep life insurer actuaries up at night. They often turn to Ruark Consulting for guidance.
When will annuities be loved? After all the creative destruction of the past 10 years, what’s next for the annuity industry? Which trends will persist? Which products will flourish? We discuss the trends that Retirement Income Journal expects to cover in 2021 and beyond.
Fixed deferred annuities may be the most promising candidates for inclusion in 401(k) plans. But in order to adapt these contracts to the defined contribution space, they must lose some of the 'illiquidity' that helps make annuities valuable. Some innovative solutions are now on the market.
'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.