Pension Buy-Out Sales Hit Record in Q2
It is still a great time for DC plan advisers to enter the pension risk transfer market—with record Q2 sales of annuity buy-outs measured by LIMRA and a...
Tag: Annuities
ABG Retirement Unveils Retirement Planning Service
A new website from ABG Retirement Plan Services helps address income needs in retirement.
Court Affirms Dismissal of Verizon Pension Risk Transfer Suit
An appellate court ruled that the decisions to amend the plan and transfer certain assets to an annuity contract were settlor, not fiduciary, functions.
Symetra to be Acquired by Japanese Insurer
Symetra provides employee benefits, annuities and life insurance.
trendspotting
Trendspotting
Annuities Seen as the Better ChoiceAn analysis of systematic withdrawals vs. annuities Art by Michela ButtignolAn academic analysis by Mark Warshawsky, a visiting scholar at the Mercatus Center at...
A 60/40 Approach to Decumulation
Experts suggest a “portfolio” approach can be an adaptable and effective means of controlling retirement spending.
Participants Need Skilled Support on Decumulation
Advisers can add value for their plan sponsor clients by strategizing the participant account drawdown process.
Annuitization Costs Dropped During Q2
A BlackRock analysis finds the cost of future retirement income dipped in the second quarter—the first substantial quarterly drop since at least 2013.
Study Suggests Millennials Interested in Annuities
Many are looking beyond traditional savings vehicles to fuel their retirement, the Indexed Annuity Leadership Council says.
B/Ds Embracing Fixed Indexed Annuities
Fixed indexed annuity sales increased 24% in 2014 to $48 billion.
DOL Clarifies Annuity Selection Safe Harbor Regulation
In a Field Assistance Bulletin, the DOL answers questions it has received about the fiduciary selection safe harbor regulation for DC plans.
IRS Announces Halt to Certain Lump-Sum Offerings
Effective July 9, DB plan sponsors may no longer offer a lump-sum window to participants who have begun receiving installments.
Nuances of 403(b) Plan Investment Menus
The creation of the modern 401(k) is a complicated story, but the emergence of today’s tax-qualified 403(b) plan is an even more intricate tale.
American Retirees Might Be Under-Annuitized
Logic would dictate that retirees would shift their retirement savings to annuity products, but this has yet to happen, a research paper says.
Court Dismisses Part of Great-West Annuity Challenge
A district court in Colorado has granted in part and dismissed in part a motion from Great-West to dismiss a class action lawsuit alleging the company breached fiduciary...
Comparing Lifetime Annuities and Structured Withdrawals
A rigorous new study out of George Mason University takes a strong positive stance on using lifetime annuities over structured withdrawals.
Few Have Retirement Distribution Plans
More than half (56%) of retirement plan participants have no strategy for making their money last throughout retirement.
Mercer Opens Pension Risk Exchange
In response to the increased demand for pension buyouts Mercer has developed a Pension Risk Exchange to support defined benefit plan sponsors in timing and execution of buyout...
MetLife Offers Longevity Annuity for DC Plans
A new deferred income annuity from MetLife is designed specifically for the institutional market and is available for qualified defined contribution (DC) retirement plans.