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Cover Stories

A Summer Crop of Variable Annuities

by Kerry Pechter

A Summer Crop of Variable Annuities

Wed, Jul 29, 2009

Allianz Life, Genworth Financial, John Hancock Life, and MetLife have all introduced new variable annuity contracts. Of the four new entries, John Hancock's stands out as the simplest and cheapest.

CalPERS Gives Rating Agencies an FFF

by Kerry Pechter

CalPERS Gives Rating Agencies an FFF

Wed, Jul 22, 2009

In a new lawsuit, California's state pension fund blames the 'issuer pay system' at the top three rating agencies for part of its investment losses last year.

Feeling TIPSy

by Kerry Pechter

Feeling TIPSy

Tue, Jul 14, 2009

Seeing the potential for inflation ahead, analysts now recommend inflation-protected Treasuries, or TIPS, more strongly than ever. But 401(k) participants buy few TIPs, and not every plan offers them.

A Short Cut to Long-Term Care Insurance

by Kerry Pechter

A Short Cut to Long-Term Care Insurance

Tue, Jul 07, 2009

United of Omaha, Genworth Life, Bankers Life, and OneAmerica have introduced LTC/annuity hybrids in the run-up to January 1, 2010, when distributions from annuities to pay nursing home bills will be tax-free.

The Decumulation Beat

What Obama Didn’t Say About Health Care

What Obama Didn’t Say About Health Care

Doctors may choose to donate care to the needy when it suits them. But they won't let the government turn their profession into a public utility.

News

Social Security Tax Base Shrinks as Upper Incomes Grow

Wed, Jul 29, 2009

Compensation that isn't subject to the portion of payroll tax that funds old age benefits now represents foregone revenue of $115 billion a year.

Goldman Sachs Eyes DC Market

Tue, Jul 28, 2009

“We've been in the retirement business for 20 years managing defined benefit assets, but are now really ramping up our DC effort,” a Goldman executive said.

Nationwide Adds Annuity Option to Morgan Stanley UMAs

Wed, Jul 29, 2009

Morgan Stanley Smith Barney has launched Select Retirement, which adds an optional Nationwide Life Insurance fixed income annuity option to the Select unified management account program.

The Hartford Continues to Shed Jobs

Wed, Jul 29, 2009

“The reductions reflect the need to realign our expenses with the reduced volume of business that we have experienced in our investment products business, particularly variable annuities,” a Hartford Life spokesman said.

Target-Date Funds ‘At a Crossroads,’ Cerulli Says

Wed, Jul 29, 2009

While more than 70% of asset managers say they've just begun to tap the target-date fund opportunity, a small but growing percentage think the phenomenon may have peaked.