Allianz Life Insurance has entered the defined-contribution business and hired Mike De Feo as the segment’s leader. De Feo most recently headed Voya’s retirement and DC business and earlier led Nuveen’s DC business.
The insurer’s first product for the DC market is Allianz Lifetime Income+ Annuity, which provides a guaranteed income option that is “flexible and portable, featuring growth potential, protection from market loss and guaranteed lifetime income that has the potential to increase annually for life to help address the effects of inflation,” the company said in a release.
A survey of participants in employer-sponsored retirement participants, showed that 73% would consider a plan option offering guaranteed income for life, Allianz said, while 64% said that pandemic-caused market volatility has increased their interest in adding an option that offers guaranteed lifetime income to their plan.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
