Retirement Parachutes, in Different Colors

'Constance' from RetireOne and Midland National lets advisers hang an income-for-life rider on a non-annuity portfolio. Five 401(k) plan sponsors are adopting 'LifePath Paycheck' from BlackRock, Brighthouse and Equitable. It helps participants roll part of their plan savings to a fixed income annuity.
Anecdotal Evidence

2011-2020 FIA Returns Were Modest, Data Suggests

FIAs returned an average of 3.23% per calendar year from 2011 to 2020 (inclusive), my review of data from LIMRA Secure Retirement Institute showed. FIA industry assets grew 180% over that period, to $506 bn; the S&P 500 Index nearly tripled.

Honorable Mention

American Equity partners with BlackRock and Conning on its AEL 2.0 strategy; Go big (in alternative assets) or go home, KKR CIO tells insurance CIOs; Allianz Investment Management launches new six-month 'buffered outcome' ETF; Great American annuities now on the Halo platform; Vanguard acquires ‘direct indexing' vendor; Demand for PRT will persist, MetLife poll shows.
Bulletins from Britain

Royal Mail adopts ‘Collective’ DC; NEST to hold private equity

Royal Mail is converting its defined benefit pension plan to Britain's first "collective defined contribution" plan or CDC. In other UK news, the National Employment Savings Trust, or NEST, said it will invest 5% of its AUM in low-fee private equity.

Use of bond ETFs for retirement income expected to rise: Cerulli

A new Cerulli report also explores sales of annuities to fee-only advisors; '84% of independent registered investment advisors (RIAs) sold no annuities in the last 12 months… despite significant work in the last decade by variable annuity (VA) carriers to offer no-commission I-share annuities,' the report said.


September 30, 2021

Research Roundup

This month we bring you scholarly articles on the Social Security 'tax torpedo,' the likelihood of needing long-term care, the best decumulation strategies from DC plans, the people most likely to 'freak out' when...
September 23, 2021

Learn to [Ted] ‘Lasso’ Women Clients

David Macchia of Wealth2k and author Marcia Mantell are about to launch a new service, Women And Income, a turnkey marketing, income planning and lead generation service for advisers. It's for advisers not naturally...
September 16, 2021

A New Path to Inflation-Resistant Income

Achaean Financial's novel hybrid design for a lifetime income annuity is being brought to market by National Western Life. We spoke with Achaean founder Lorry Stensrud and NWL's Chad Tope. (Photo: Death mask of...