Tag: Annuities

Employers may offer employees the opportunity to purchase an annuity through payroll deductions.

Seventy percent believe their advisers have a responsibility to discuss guaranteed lifetime income products with them.

The appellee, Market Synergy Group, argued unsuccessfully that its representatives would never be able to make the Best Interest Contract Exemption, a key mechanism underlying the new DOL...

The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.

Among Baby Boomers who think it is important to work with an adviser, nearly 70% said they would purchase an annuity within their individual retirement account (IRA), according...

The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”

U.S. Representatives introduced the Increasing Access to a Secure Retirement Act.

The department believes an oversight bureau, created to assess the financial strength of annuity providers, would help employers and advisers become more comfortable including annuities in retirement plans.

And nearly two-thirds, 63%, of advisers recommend annuities to clients who need income.

Certain policy changes and the right support for plan sponsors could make it easier for plans and participants to embrace lifetime income solutions.

The Prudential Insurance Company of America has agreed to provide a group annuity contract and take on approximately $1.3 billion in pension liabilities from International Paper, focusing on...

With one-quarter of a century until the first of them turn 65, Millennials very much view themselves as "on their own" with regard to retirement income, according to...

However, Rick Jones, with Aon, says, “Pension risk transfer is a trillion dollar market, and much more will be settled in coming year."

In-plan lifetime income options can secure certain benefits participants may not find in retail solutions, suggests a new study by TIAA.

Several Americans across generations fear their portfolios aren’t diversified enough to secure a comfortable retirement in the event of a market correction.

Despite the generally positive perceptions of the benefits of guaranteed lifetime income, only one in four survey respondents age 45 and up plan to purchase an annuity. 

Fifteen percent say recommendations from their consultant or independent fiduciary is an important consideration when selecting an annuity provider.

The plaintiff alleges that the contract’s cancellation was not made with his and the other beneficiaries’ interests in mind, but rather to improve the parent/subsidiary companies’ financial positions...