Annuities’ Bum Rap
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 income tactics, as well as the new tools generating interest among plan fiduciaries and sponsors.
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.
Legislative and Judicial Actions
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 and annuity solution.
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 ETF suite with ETC.
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 Insurance Commissioners.
Employees and Employers Are Paying Attention to Annuities
Research from SRI anticipates the annuity market to grow as much as 30% by 2025.
The New Retirement Income Vernacular
DCIIA has published a new glossary on esoteric retirement income terms that advisers may not have heard of.
Biden Expected to Advance a More Stringent Fiduciary Rule, Advocate for Retirement Income and ESG Investing
Industry experts reflect on what President Joe Biden has done in his first months in office with respect to retirement plans and what they still see coming down the road from his administration.
New York Annuity Suitability Law Struck Down by State Appeals Court
Though significant in its own right, the appellate ruling could potentially be stayed if (and when) it is appealed to the New York Court of Appeals, which is the state’s highest court.
Next-Generation Retirement Plans Will Deliver Customized Retirement Income Solutions
PGIM says evolving technology will enable plan sponsors and advisers to deliver on this promise.
Legislative and Judicial Actions
Despite Reservations, Sponsors’ Interest in Annuities is Growing
Advisers should be educated about annuities and how to analyze them to help plan sponsors decide the best products to use.
Why Annuities Are So Helpful in Today’s Market Environment
Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution.
The Role of Guaranteed Minimum Benefit Riders in In-Plan Annuities
With some riders, participants can enjoy the upside of the market with downside protection.
Gen X Facing the Stark Reality of Retirement
More than any other generation, its members are receptive to in-plan guarantees.
The 5-Year ‘Test’
SECURE Act to Prompt Nearly Two-Thirds of Advisers to Consider Adopting In-Plan Guarantees
For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.
PSNC 2020: Creating Income Streams for Participants
Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use.