What was so important about a tiny column of numbers, missing from Table V.C7 of the 2014 Social Security Trustees Report?
Taxable distributions from qualified longevity annuity contracts can be deferred until as late as age 85. But how popular will they be, and will they be used for longevity risk protection or as a tax strategy?
Jackson National Life's Elite Access variable annuity zoomed from zero to a $1 billion in quarterly sales in less than two years. Using the craze for 'liquid alts' as a hook, it revived the concept of the "investment-only" VA and sparked the creation of a whole new category.
IAP, a small market research firm, analyzes and compares two giant databases to discover whether a particular ZIP code in the U.S. is saturated with annuity sales, underdeveloped, competitive or uncontested.
"The effect of a decade or more with negative real interest rates is likely to be devastating," writes this ever-bearish pundit. He expects the central bank response to the next financial crisis to resemble its response to the last one.
"Now, as then, people have been disappointed for a long time, and many are despairing," writes the 2013 Nobel laureate in economics.
A new report challenges the notion that investors will continue to want or need face-to-face contact with the person managing their money.