In the face of a mass exodus to bonds, buybacks and dividends explain the health of the major stock indices, Goldman Sachs' David Kostin told Insured Retirement Institute members in San Diego this week.
“We’ve been hearing more of a need from our advisors about retirement income and about their clients' retirement needs,” said Matt Judge, of TD Ameritrade Institutional, the discount broker's RIA platform.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
Carriers are dealing with the reality that living benefits are costly to maintain, so activity is being sought elsewhere as the wait continues for interest rates to rise, according to Morningstar's Product Manager, Annuity Solutions.
At the Financial Planning Association conference in San Antonio, it was hard to forget The Alamo, only a few blocks away. But people had amnesia about annuities.
Unlike the mutual insurer's existing Select DIA, where the future income is fixed, the new Select Portfolio DIA allows contract owners to apply Northwestern Mutual dividends to their annuity.
The Hartford will continue to sell new life insurance products and riders through the transaction’s 2013 closing and during a defined transition period thereafter.
Developed by DTCC‘s Insurance & Retirement Services (I&RS), the new research enhancement provides clients with more comprehensive market information based on annuity product transaction data.
Index licensing fees have represented a growing portion of the expenses that investors pay to own index funds and ETFs, said Vanguard chief investment officer Gus Sauter.
ATHENE Benefit 10 features a 6% premium bonus that vests over a 10-year period. The enhanced benefit rider includes early income bonus of up to 10% if lifetime withdrawals are begun prior to the eighth contract anniversary.