Guardian Weathers the Storm

Guardian Life VP Douglas Dubitsky talks about the mutual insurer's variable annuity sales growth and how guaranteed income can “free an advisor to be an advisor again.”

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
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Anecdotal Evidence

VA sales likely to end 2012 down 8%: Morningstar

But Prudential, Jackson National, TIAA-CREF, Lincoln Financial, SunAmerica/VALIC, and AXA Equitable all sold slightly more VAs in the first three quarters of 2012 than in the same period in 2011.
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Anecdotal Evidence

Lithuania struggles to finance its public pensions

The current level of contributions to the 'second-pillar' is 1.5% of salary, and it should increase to 2.5% in 2013. The new laws will reduce contributions to 2% of salary in 2014, but allow participants to add 1% of their after-tax salary income.
Anecdotal Evidence

Public pensions in Puerto Rico face possible insolvency

The main fund, which serves about 250,000 government workers, current and retired, is only 6% funded and could run out of money as soon as 2014. Another fund, for about 80,000 teachers, is 20% funded.
Anecdotal Evidence

DTCC issues 3Q 2012 annuity report

Compared to Q2 2012, inflows in the third quarter were down $4.4 billion and out flows were down $6.7 billion, resulting in an increase in net cash flows of 39 percent, or $2.2 billion.
Anecdotal Evidence

The Tax Deferral on Savings: Endangered or Not?

Although the 401(k) industry is gearing up to defend its tax-favored status, it’s not clear that the White House or Congress is determined to take it away.