Plan Experts Like Annuities

By Kerry Pechter
In a workshop at this week's ASPPA annual meeting in Washington, D.C., few third-party administrators believed that the average couple will be able to afford the retirement they dream of. Many people, they said (including themselves), will need annuities.

A Second Structured Annuity Offers Income

By Kerry Pechter
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.

Executive Interview: PRU’s Kent Sluyter

By Kerry Pechter
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
Featured

Singapore Mandates Annuities

By Editor Test
The government of this tiny Asian nation has confronted its collective longevity risk by requiring the purchase of annuities with defined contribution assets. Wharton pension expert Olivia Mitchell and colleagues have written a new paper about it.

AXA Equitable Introduces Structured VA Product

By Editor Test
AXA Equitable has put structured notes inside a variable annuity, giving investors tax-deferred exposure to small-cap, gold and oil indices for specific periods while capping their upside and buffering their downside.
News

Quote of the Week

By Editor Test
“We’re not trying to force all employees into annuities. We’re all about creating more opportunities for people”-- J. Mark Iwry, senior advisor in the Treasury Department, speaking at the ASPPA annual meeting in Washington this week.

Which Firms Connect Best with Advisors?

By Editor Test
“Prudential has strengthened its grip on advisors in the variable annuity space over the past year," says Cogent Research in a study of advisor loyalty to variable annuity issuers, mutual fund companies and ETF providers.

U.K. To Raise Retirement Age, Implement National DC Plan

By Editor Test
In a move that resembles the Obama administration's "auto-IRA" program for workers in companies that don't offer retirement plans, the British are hoping to jump-start middle-class savings with their National Employment Savings Trust.

U.S. Retirement System Rates a ‘Low C’: Mercer

By Editor Test
Analysts at Mercer say the U.S. could improve its private pension system by, among other things, requiring that participants convert at least part of their retirement savings to an income stream.

Final Rule on 401(k) Fee Disclosure Issued

By Editor Test
The 72 million participants in defined contribution plans in the U.S. are about to get more fee and expense disclosures than they'll know what to do with.

The Bucket

By Editorial Staff
Late-breaking items from Allianz Life of North America, MetLife, Nationwide Financial, Prudential and Genworth Financial.