The View from Taroko Gorge

Touring this marble-walled canyon, I could see millions of years into Taiwan's geological past and a few years into its demographic future.

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.
Featured

Red Zone Strategies

Near-retirees who are in Jim Otar's "crowded" Red Zone don't have a lot of options. "Their only choice is annuities," writes the Canadian author/advisor in the concluding chapter of his new book.

An Income Feather in BoA’s Hat

Bank of America’s new service, My Retirement Income, is a revival of a program created at Merrill Lynch in 2006.
News

Record Retail Sales at Jackson National

During the first nine months of 2009, Jackson, a subsidiary of the UK's Prudential plc, generated $6.7 billion in VA sales, a 32% increase over the same period of 2008.