A novel retirement plan design, called TimePension (“Tidspension” in Danish) uses a buffer account to smooth out market volatility and ensure a stable income in retirement.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
The Journal of Retirement is a new quarterly publication from Institutional Investor Journals. In this three-minute video-taped interview, editor George 'Sandy' Mackenzie describes the aims of the publication, whose first issue is now available.
'Smoothed income annuities' represent an entirely new retirement and wealth accumulation strategy for the private and occupational pension markets in the U.S., writes Danish actuary Per Linnemann, Ph.D.
So far, mutual insurers with captive agent forces have dominated the DIA space, so it may be significant that Lincoln, a publicly-held company with a big third-party distribution network, has jumped on the DIA bandwagon.
New York Life was the top-seller of fixed annuities in 2Q 2013, followed by Security Benefit Life, Allianz, American Equity and Great American Life, according to Beacon Research.
New York Life remains the leading seller of fixed immediate annuities, with 32% of the market for first quarter 2013, and is the leader in sales of deferred income annuities, with 46% of the market for first quarter 2013, according to industry sources.
Spain’s employment minister, Fatima Bañez, stressed that there would be no hike in the legal retirement age in Spain – which currently stands at 67 and is among the highest in Europe.
"If, before every action, we were to begin by weighing up the consequences, thinking about them in earnest, first the immediate consequences, then the probable, then the possible, then the imaginable ones, we should never move beyond the point where our first thought brought us to a halt." -- from "Blindness," by Jose Saramago.