Tag: Annuities

Symetra Life Insurance Company plans to expand its annuities portfolio and develop new registered products, hiring Kevin Knull to head up these endeavors.  

At a conference in New York City this week, sponsored by the IRS and ASPPA, Craig Hoffman, General Counsel for ASPPA, discussed several hot-button issues working their way...

A white paper from Prudential Retirement discusses what effect the incorporation of guaranteed minimum withdrawal benefits (GMWBs) can have on retirement income and security.

John Hancock Annuities has enhanced its Income Plus For Life optional rider by increasing the deferral credit for newly issued riders from 5% to 6% at age 65...

Mercer's Outsourcing business has added three services to its benefits administration platform all related to financial planning.

As the price of a longevity annuity increases and as longevity risk grows, more initial retirement wealth is needed and the degree of annuitization needs to be increased,...

Minnesota Life recently added two Ivy Funds Variable Insurance Portfolios (VIPs) to Waddell & Reed Advisors' products. 

Living longer than expected is one of the most serious issues facing U.S. workers today, according to the Institutional Retirement Income Council (IRIC).

Nationwide Financial is introducing IncomeInsight, a resource for advisers to use when exploring a variable annuity with a lifetime guaranteed minimum withdrawal benefit option for clients’ retirement portfolios....

New York Life Investments has developed the Guaranteed Interest Pension Account (GPA) to help mid- and large-size corporate pension plan sponsors and their advisers manage near-term liabilities.

I was in London for a few days last week. 

Many employees are hesitant to purchase an annuity, despite their desire for retirement income; however, some of these fears may be well-founded, Mercer says.  

Financial advisers and their clients would benefit from more precise information about their existing immediate income annuity contracts, according to the Retirement Income Industry Association (RIIA).

Drawing comparisons to the Pension Protection Act that codified best practices that were already in play, Chip Castille, managing director and head of U.S. & Canada Defined Contribution...

Research from the Employee Benefit Research Institute (EBRI) finds that immediate annuities or longevity annuities would be effective at reaching desired income adequacy targets, especially for lower-income retirees.

AXA Equitable Life Insurance Company has introduced the Structured Investment Option (SIO) for its EQUI-VEST series of variable deferred annuities available to employer-sponsored retirement savings plans.

Lincoln Financial Group announced that its Lincoln Director group variable annuity-based retirement solution will be available for new sales exclusively through a service model supported by third-party administrators...

John Hancock Asset Management, a division of Manulife Asset Management, has appointed the U.S. Core Value team to manage three portfolios offered by John Hancock Retirement Plan Services,...

MetLife has launched its optional Guaranteed Minimum Income Benefit Max (GMIB Max) and Enhanced Death Benefit Max (EDB Max) variable annuity riders with Protected Growth Strategies.

AXA Equitable Life Insurance Company has partnered with Wilshire Associates Incorporated to help plan sponsors meet their fiduciary obligations in screening, selecting and monitoring investment options.