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California governor backs best-interest bill for annuity sales
Gov. Newsom’s signing of SB 263 makes California the 44th state to adopt the NAIC's controversial model for annuity transactions.
MetLife and Fidelity partner for new retirement income solution
The partnership would make a guaranteed lifetime income product available to more US workers in their defined-contribution plans.
Orion, DPL join forces to offer commission-free annuities to advisors
Users of Orion's tech platform will now have direct access to DPL’s tools for finding and comparing annuities.
Showing how good or bad luck shapes retirement lifestyles
IncomePath software from Tamiko Toland and Michael Finke was inspired by the work of William Sharpe.
US annuity sales hit a fresh record in 2023: Limra
Strong economic conditions combined with demand for protected investments drove a second record year for fixed annuity products.
‘Legal’ insurance tax break blasted
Senate Finance Committee targets private placement life insurance as a 'booming tax dodge' for the wealthy.
RIAs struggle to keep up with ancillary services that clients want
An insurance brokerage CEO says RIAs' failure to adopt modern technology is causing them to fall behind.
MetLife floats a VA buyout offer
The firm would shift variable annuity values to fixed-interest-rate accounts for clients who accept it.
Black Americans more optimistic, but still face financial challenges
Limra research reveals concerns around retirement, disability, and unexpected emergencies among Black adults.
New leader for Northwestern Mutual advisors amid CEO succession plans
John Roberts becomes executive vice president and chief distribution officer as Tim Gerend is promoted to president.
Commission-free annuity sales trend remains strong, says DPL founder
DPL's product line saw sales of more than $1 billion last year, more than doubling its 2022 total.
Prudential, Fidelity collaborate on new decumulation option for DC plans
The firms say that 100,000 people will benefit from the new product.
Annuity sales smash record set in 2022
Led by demand for fixed products, total annuity sales were up 23% last year, according to Limra.
Fintech launches annuities platform
Flourish aims to facilitate RIAs’ access to annuities.
When you should, or shouldn’t, recommend more protected lifetime income
Here are some of the key characteristics that may make some clients better candidates for such a solution than others.
Understanding the behavioral benefits of annuities
Financial professionals tend to emphasize the strong quantitative benefits annuities provide, yet it’s the emotional and behavioral benefits that often make them the ideal choice for consumers.
Can AI explain annuities better than a human advisor?
This AI product doesn't want to take your job, and it might make it easier.
Record number of pension-risk transfer contracts sold in Q3: Limra
The number of contracts sold in the third quarter marks a 39% increase from the prior year.
New annuity products don’t have ‘icky feeling of commission’
Some advisors are coming round to annuities but survey reveals majority seldom recommend them – and clients don't listen anyway.
Wealthy Americans say it’s harder than ever to build and protect wealth
New report from Chubb probes the millionaire mindset to find what matters to them.
