A Dutch pension administrator hopes a mildly racy comic book will help educate its plans' younger bus drivers and railway workers.
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.
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.)
The "at retirement" market for annuities in the U.K. topped £14 billion in 2008 and is expected to reach about £23 billion in five years.
“Given the turbulent economic climate and the shift of financial risk to individuals, people need help,” said Center Director Alicia Munnell.
A third of those polled, up from 20% in the second quarter, said their account balances have recovered to their Jan. 1 levels or expect them to recover in two to five years.
The SEC voted Sept.17 to address conflicts of interest, reveal rating shopping, and promote accountability.
Consultants want asset managers who provide consistent investment performance without “surprises.”
Only 10% of employers would support an “employer mandate” that required them to provide health insurance to employees.
Perspective Rewards pays a 6% bonus on first-year premiums under $100,000 and 8% on higher ones.
The Destinations VA offers an optional 0.10% uptick in the lifetime payout rate for each of the first ten contract years or until a withdrawal.
Part 2 of a two-part essay on the dark side of Boomer retirement. Discretion is advised.