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More businesses plan to increase employee benefits
Telehealth was the benefit that the most firms plan to increase, while 60% of those surveyed currently offer financial wellness.
MetLife raises minimum wage for U.S. employees
The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.
Prudential commits $200 million to diversity in private equity
The company's investments will focus on women- and minority-owned PE firms.
‘Guaranteed income’ preferred over ‘annuities’
The insurance industry recognizes that the word 'annuity' is not always received well. But that's only part of what hampers the products, according to two recent reports.
Two named to top posts at AIG unit
Bryan Pinsky will lead individual retirement at AIG Life & Retirement, while Tim Heslin will head the U.S. life insurance business.
Galway Insurance buys $9.2 billion RIA
The San Francisco-based insurance company acquires Cleveland-based MAI Capital.
The parallel paths of ETFs and annuities
The questions that RIAs have about commission-free annuities right now are the very same questions they had just 15 years ago about exchange-traded funds, which are now a core part of client portfolios.
VA settlement could lead RIAs, insurers, states to ramp up oversight
The case shows California is paying attention to annuity recommendations made through RIAs, and other state insurance departments could follow its lead. The settlement could also lead insurers and licensed third parties that work with RIAs to scrutinize recommendations more carefully, if they don't already vet them closely.
DPL and tech firm launch online insurance marketplace
The platform, called the SS&C Advent Insurance Marketplace, allows advisers to access a range of fee-only products through Black Diamond Wealth Platform and DPL's proprietary Product Discovery tools.
The Many Benefits of Annuities Might Surprise You
Annuities can provide important protected income during retirement, but many clients don't understand what they can do. This article details how annuities can protect and grow retirement income.
A chance meeting leads an adviser to a bountiful niche practice
As a rookie adviser, Vidal Peoples met a doctor in need of comprehensive financial planning. He taps into the kind of professionals whose incomes can skyrocket but are also saddled with mountains of student loan debt.
Washington state testing long-term care program
The effort, WA Cares, is the first of its kind in the US and could serve as a model for other states.
Apollo-backed Athene wins $4.9 billion Lockheed pension deal
Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan. The deal follows a 2018 agreement between the two companies in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace giant’s pension plan.
Practice managing $300 million at Lincoln Financial joins Cetera
Exton, Pennsylvania-based Brumbaugh Wealth Management is affiliating with Cetera through super OSJ AdvisorNet
Here’s why TIAA can no longer play by its own rules
Times have changed as the giant money manager for professors puts a $97 million penalty behind it.
House bill would simplify approval of registered index-linked annuities
A new SEC registration form tailored to the products would support innovation, the Insured Retirement Institute argues.
Annuity sales surge 39% in second quarter
Variable annuity sales jump 55% to $32.8 billion in Q2, marking the highest quarterly sales in that category in nearly six years, according to the Secure Retirement Institute.
Aon, Willis cancel $30 billion deal amid DOJ impasse
The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.
Gimme pension? Annuities group to sponsor Rolling Stones tour
The 12-city tour was postponed last year because of the Covid-19 pandemic.
Allianz Life enters DC business with guaranteed income product
Former Voya, Nuveen exec Mike De Feo will head the company’s new business line.
