MetLife’s VA Sales are Missed

Total annuity sales are down for the quarter and the first nine months of the year, according to LIMRA. If not for MetLife’s pull-back, variable annuity sales would be close to last year’s pace.

Wells Fargo’s New Annuity Wagon

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
Featured

Easy Does It

“We will want to be sure that the recovery is established before we begin to normalize policy,” Fed chairman Ben Bernanke said in a speech yesterday.

When rates rise, will bond fund owners bolt?

History shows that intermediate-term bond funds are likely to see less flight than junk bond funds, a Schwab executive writes in the Journal of Financial Planning.
News

Bull run

Equity and fixed income funds appreciated by $1 trillion through October, according to the latest report from Strategic Insight.

Judge rules for participants in ERISA suit

In an ERISA fiduciary suit brought by 401k plan participants, a Minnesota judge has denied most of the motions by the attorneys for the plan sponsor, Ameriprise Financial, to dismiss the complaint.

“Quote” of the Week

"Intelligence is knowing what to do when you don't know what to do"--Anonymous.