'There could be pressure for rates to go higher as investors digest the deficit spending pushed by Mr. Trump,' said Andrew McCormick, head of T. Rowe Price’s U.S. taxable bond team.
We summarize four recent papers: 'Portfolios for Long-Term Investors,' 'What is the Value of Annuities?,' 'Public Economics and Inequality: Uncovering Our Social Nature,' and 'Financial and Total Wealth Inequality with Low Interest Rates.'
How will variable annuity contract owners use their income benefits? That question is vital to annuity issuers and to fiduciary advisers with clients who own VAs. This Texas Dep't of Insurance actuary knows a product that can help them find out.
Bloomberg reported this week that Prudential is considering selling its retirement plan recordkeeping business. Prudential didn't confirm the report, but several industry insiders did. Low interest rates, high costs of IT makeovers, and sticky stable value fund guarantees are driving the move, RIJ was told.
'How Trump will govern is a huge wild card,' write Schwab's analysts. 'Tax cuts, an infrastructure spending plan, and reduced regulation might offer offsetting boosts, but they would bring back issues with the deficit and debt and likely sink the dollar.'
'Would the financial services industry want to return to square one after spending millions of dollars to reconfigure their compliance systems and products' for the DOL conflict of interest rule?' asks ERISA expert Jason Roberts.
'NAFA’s own declarations leave little doubt that those engaged in the annuities business do not simply dispense products but, rather, provide individualized investment advice,' wrote U.S. District judge Randolph Moss in a 92-page opinion. NAFA said it would appeal.
Some of the main gainers by rank in the top 50 during the past five years include Aegon Group, New York Life Investments, Dimensional Fund Advisors, Sumitomo Mitsui Trust Holdings and Standard Life.
'Of those successful companies, thirteen also met the criteria in last year's analysis, which is a significant accomplishment in this challenging environment for new sales and low interest rates," said Conning's Terence Martin.