Francois Gadenne and the Retirement Income Industry Association want to spread the doctrine of "build a floor, then create upside."
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
The Harvard-trained economist teaches, consults, writes scholarly and popular books, created ESPlanner, and is the champion of “consumption smoothing.”
The phenomenal growth of derivatives over the past 30 year has made all our big banks more interconnected, and hence systemically risky, said Peter Boone and Simon Johnson.
Two-thirds of those surveyed were concerned about outliving their savings and about choosing the best way to draw income to live on from their savings.
Bankers say they'd rather loan money to the FDIC than make new contributions to the FDIC fund or see the FDIC tap a line of credit at the Treasury.
Variable Products Express Version 2.0 allows providers to take advantage of web-based delivery of summary prospectuses without sending contract owners to other websites for information.
Part 1 of a two-part critical essay on how the American retiree became hostage to volatile markets.
The Insured Retirement Institute held the first annual conference under its new name in Boston this week, and the difference between IRI and NAVA was striking.