69% of Pre-Retirees Say Retirement at 65 Is Not Possible
Pre-retirees expect greater retirement hurdles than their predecessors, according to Nationwide.
Tag: annuity
What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent?
Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.
Debating the Fiduciary Proposal: Pros and Cons
Two industry players debate issues surrounding rollovers, annuity sales, and access for smaller accounts.
Product & Service Launches – 12/14/23
Equitable enhances flagship investment-only variable annuity; Vanguard expands ETF lineup; AllianceBernstein launches five active ETFs; and more.
Americans Remain More Wary of Inflation Than Retirement Shortfall
Fears about both inflation risk and retirement income remain elevated, per annuities and insurance provider F&G.
NASAA Proposal of Best Adviser Practices Receives Pushback
Critics say the proposal recommended to states goes beyond the SEC’s Reg BI and endangers annuity products and educational materials.
Product & Service Launches – 11/16/23
Employee Fiduciary launches 401(k) fees calculator; Businessolver enhances MyChoice accounts HSA investment platform; BenchMine launches latest retirement plan insights; and...
Trade Groups Call for Longer Comment Period for Fiduciary Rule Proposals
The proposals would apply fiduciary status to one-time investment recommendations such as rollovers and annuity sales.
New PBGC Guarantee Levels, Premiums Announced for 2024
The PBGC also released new guarantee tables for different annuity types.
Investment Product and Service Launches
North American Company introduces Goldman Sachs index; Jackson enhances Perspective variable annuity benefit suite; Altruist launches multiple account bundling.
Pitney Now Heading TIAA’s Lifetime Income Default Unit
Former institutional investments distribution lead Tim Pitney will now focus on lifetime income features as default options in defined contribution...
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Volatile markets amid high interest rates have driven asset growth on SS&C’s retirement income platform to more than $1 billion.
Investment Service & Product Launches
American Century launches actively managed ETF; Nomura starts fund with exposure to private credit; Singapore-based Eastspring launches first CIT for...
Near-Retirees May Be at Risk for Retirement Income Shortfall
A DCIIA report written by industry players looks at how rising interest rates and inflation are cutting into common retirement...
Total Annuity Sales Highest Since 2008
The Secure Retirement Institute says strong equity market growth in the fourth quarter and in 2021 helped to propel the growth.
Compliance News
Legislative and Judicial Actions
Financial assistance for multiemployer plans; faith-based entities may now benefit from the public student loan forgiveness program; FINRA project examines...
Investment Product and Service Launches
CUNA Mutual Group issues new annuity with Members Life; Lincoln Financial Group Partners with YourPath; and Allianz Life launches income...
Investment Product and Service Launches
Fiduciary Insurance Services to provide annuity evaluation services; Alegeus partners with CAPTRUST on new HSA solution; and Cabana launches new...
Producers Beware: More States Adopt NAIC Annuity Suitability Framework
Earlier this month, Alabama became the 13th state to adopt enhanced consumer protections for purchasers of annuities, based on a framework put forward by the National Association of...