‘The standard chronological measure of age makes less sense than ever,’ writes our guest columnist, a professor at the London School of Economics and co-author of ‘The 100-Year Life: Living and Working in an Age of Longevity.’
'The counterpart of a $568 billion U.S. trade deficit is $568 billion of foreign capital inflows into the United States,' writes the NumberNomics blogger and former chief U.S. economist for Lehman Brothers.
In the Netherlands, the government and the labor unions are struggling to create a new model for retirement savings that satisfies employers and workers.
Vanguard had $12.3 bn in inflows in April. But BlackRock’s iShares eclipsed that figure with about $17 bn. Vanguard’s year-to-date growth continues to slow year over year.
GLWB withdrawal frequencies have increased consistently at normal retirement age and above, with over half of withdrawals now at or near the maximum benefit amount, according to a study by the actuarial firm Ruark Consulting.
Fixed and indexed annuities
AXA US was the top-seller of structured annuities, with a market share of 51.5%, but the top-selling contract in that category was the Brighthouse Life Shield Level Select 6-Year contract.
Net realized capital losses of $5.7 bn, partially offset by a $1.9 bn reduction in federal and foreign taxes, helped cause the decline in net income, according to A.M. Best.