Deep in the Data Mines

At the Society of Actuaries Equity-Based Insurance Guarantees conference in Chicago this week, the use of 'predictive modeling' to unearth buried or cryptic data was strongly encouraged.

Research Roundup

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.'

An Annuity’s ‘Moneyness’? There’s an App for That

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.

A Chip Off the Old Rock?

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.

Don’t Touch the Jenga Tower

Many observers think the Fed doesn’t need to raise rates. The actuary I met in Chicago this week was one of the few who believes that the Fed can’t raise rates.

Indexed Annuity Sales Reach New Highs: LIMRA

'VA sales make up 54% of the overall annuity business, down from 67% just in 2012. This decline in VA market share has certainly contributed to the growth in the indexed annuity market,' said Todd Giesing of the LIMRA Secure Retirement Institute.

Happy Thanksgiving!

Retirement Income Journal will take a break next week for the Thanksgiving holiday. We're grateful to all of our subscribers, advertisers and vendors for helping to keep old-fashioned journalism alive on the Web. RIJ will return on Thursday, December 3.