TIAA-CREF Supports Guaranteed Income Options in Retirement Plans
In comments to the Department of Labor (DoL), TIAA-CREF announced its support for giving workers access to annuities in retirement plans.
Tag: Annuities
IRI Pyramid Illustrates the Balanced Diet of Retirement Savings
The Insured Retirement Institute (IRI) said its new Retirement Pyramid can help financial advisers explain what clients need to have “a healthy and vital financial future.”
Nationwide IncomeInsight Workbook Goes Online
Financial advisers now have access to an online version of Nationwide’s The Retirement Income and Income Risk Workbook, which generates a suggested retirement income portfolio for clients.
Securian Redesigns Retirement Site for Advisers
Securian Retirement said its site for financial advisers now offers “goal-based” navigation to help advisers get the information they need faster.
The Hartford Realigns to Be More Customer-Centric
At its investor meeting last week in New York City, The Hartford Financial Services Group, Inc., announced a new organizational structure the firm said would help to execute on key...
IMHO: “Out” Spoken
About two months ago, the Department of Labor asked the public for some insights on retirement income via a request for information, or RFI.
ING Adds Variable Annuity to Product Suite
ING's U.S. operations, which merged its annuity and rollover businesses to form ING Financial Solutions last year, has added what it said is a simpler, lower-cost variable annuity...
Seniors Say Short is Sweet with Investment Prospectuses
When it comes to reading, most affluent seniors don’t want to snuggle up with a lengthy description of their investments, a new survey suggests.
Investors Not Flocking to New Retirement Income Products
Despite a proliferation of retirement income products and financial services firms’ best efforts to capture the retirement income market, no single leader has emerged in this space, according...
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Annuity in 401(k) Clothing
Next best thing to a pension, or just another tired solution in a box?
Transamerica Offers New Withdrawal Schedule for Retirement Income Products
Transamerica Life Insurance Company has introduced an enhanced withdrawal schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 riders.
DoL Calls for Public Comment about Annuities
As expected, the Obama Administration has issued a request for information (RFI) to gather public comment about whether and how the government should promote lifetime income products in...
Court Allows Beneficiary Switch for Annuity Contracts
A federal judge in Pennsylvania has ruled that a participant in TIAA-CREF annuity contracts met the requirements to change his beneficiary from his ex-wife to his long-time friend.
White House Unveils Retirement Initiatives
The Obama Administration on Monday released retirement initiatives, including establishing automatic individual retirement accounts (IRAs), simplifying and expanding the Saver's Credit, and updating 401(k) regulations to increase transparency.
Teachers Sue VALIC over 403(b) Investments
Two teachers have filed a lawsuit against VALIC, claiming the firm misled them about purchasing annuities for their 403(b) accounts.
AXA Launches Variable Annuity with Downside Protection
AXA Equitable Life Insurance Company has rolled out the Retirement Cornerstone, a variable annuity that aims for both accumulation and preservation of wealth.
Prudential Advocates More Guarantee, Coverage in Retirement Plans
Employers need to take steps to make defined contribution (DC) plans better primary savings vehicles, said Jamie Kalamarides, senior vice president of retirement solutions at Prudential Retirement.