Wed, Jun 10, 2009
The financially fit, well-diversified insurer collected almost twice as much in annuity premiums as its closest competitor in the first quarter of 2009, benefiting from a “flight to quality” in the wake of last year’s economic meltdown.
NAVA has moved from the Virginia suburbs to downtown Washington, the better to lobby Congress on behalf of annuity manufacturers and distributors. But the Association for Insured Retirement Solutions, as NAVA has called itself for the past two years, won't reveal its new name or acronym until July.
Deloitte has a new patent pending product, Life Options, that would allow consumers to purchase insurance against capital market downturns and longevity risk.
Journalist and scholar Ed Epstein examines New York's ongoing public pension scandal, and the “placement agents” who use their political contacts, financial experience, powers of persuasion, and other means to extract pension fund money for private equity firms.
Wed, Jun 10, 2009
A new report from Milliman recommends ways that variable annuity issuers can simplify their living benefits to minimize a potential increase in reserves when "VACARVM" kicks in later this year.
Tue, Jun 09, 2009
John Hancock has launched a low-cost A-share variable annuity with a simplified lifetime income guarantee. The company hopes it will appeal to a broad swath of worried, retirement-bound Baby Boomers.
Tue, Jun 09, 2009
Even among workers with $100,000 or more in savings and investments, only 26% were very confident about retirement in 2009, down from 35% in 2008.
Wed, Jun 10, 2009
Financial Engines' Retirement Plan is “a personalized statement” that gives “401(k) participants a comprehensive roadmap” to retirement.
Wed, Jun 10, 2009
Former MassMutual retirement income executive Stephen L. Deschenes will manage the annuities division at the U.S. division of Sun Life Financial.
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RIJ Publishing, 4340 Knollwood Dr., Emmaus, PA 18049, 610-965-3103
Retirement Income Journal is a new online magazine dedicated to writing for and about the industry that has coalesced around the challenge of helping Americans turn their savings into secure lifetime incomes. This industry includes members of the insurance, asset management, banking, pension, structured products, reverse mortgage, information technology, financial planning and academic communities and the professional organizations that serve them.
Send editorial queries to kerry.pechter@retirementincomejournal.com.
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