New LIMRA data shows continued equity market declines and rising interest rates drove investors to purchase record levels of fixed-rate deferred annuities in the second quarter.
Fixed annuity sales rose 14% in the first quarter, with all fixed products except income annuities recording positive growth.
A new survey report notes that women control a third of total U.S. household financial assets today—more than $10 trillion—and as much as $30 trillion more is expected to shift into the hands of U.S. women over the next five years.
With South Carolina joining the party, nearly half of all states have now adopted enhanced consumer protections applying to the sale of annuities, as developed by the National Association of Insurance Commissioners.
Double-digit growth for fixed-indexed annuities and fixed-rate deferred annuities drove overall sales to pre-pandemic levels during the first quarter.
Interest in access to guaranteed lifetime income in retirement rose during the pandemic, but education and adoption has been slow.
The landmark retirement legislation passed the House by a margin of 414 to 5, setting the stage for debate and passage by the Senate.
Taking a cue from the process that led to the adoption of the SECURE Act in late 2019, one retirement industry policy advocate says the odds are good for passage of retirement-focused legislation by the end of the year.
Research suggests making participants more comfortable with annuitizing their savings could help them with spending in retirement.
U.S. workers’ interest in putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a new survey shows. But experts say that data should come with some context.
The bill would amend the DOL’s current default investment safe harbor regulations to allow, but not require, a retirement plan’s default investment to include a limited investment in a non-liquid annuity component that provides a guaranteed return on investment.
The bill, which has been introduced in previous legislative sessions, would allow annuities to be a default investment in employer-provided 401(k) plans.
The past two years have been challenging for institutional investors, but they have also brought about opportunities to address some long-term financial challenges.
Supporters of the NAIC annuity transaction suitability model say a fiduciary-only approach to annuity purchase advice would limit consumer choice—a claim its opponents dispute.
Experts speaking during a webinar said annuities provide an alternative to bonds that reduces longevity and sequence-of-return risks.
A new survey shows experience clearly counts when it comes to how comfortable advisers are selling annuity products in an evolving regulatory and economic landscape.