Measures that would build on the SECURE Act's efforts to improve retirement security could run into trouble if consumer advocates zero in on annuity reform.
Total US annuity sales rose 4% to $63.6 billion, according to the Secure Retirement Institute.
Advisers should talk to their clients about their comfort level with risk and whether they prefer a safety-first approach.
The best time to consider long-term services and support is before a parent experiences a health care event like a fall, heart attack, car accident or cognitive decline.
71% of employers feel the deteriorating mental health of their workforce is having a negative financial impact on the company.
Virtually all advisers have risk-management strategies in place, says Nationwide.
The SEC's probe of GWG spilled over to include the sales practices of some of the 145 broker-dealers that sold the bonds, according to bankruptcy filings.
The market has been anticipating the move for more than two weeks; the company has struggled of late and repeatedly missed the deadline to file audited financial statements in the past couple of years.
In 2021, annuity sales hit their highest level since the financial crisis. Here are the firms that took in the most annuity revenue last year.
One of the best-performing products last year was registered index linked annuities, which are touted for use in volatile markets.
The deal pushes Millennium up to 5 million individual client accounts and $47 billion of total assets under administration.
Investors in the $1.6 billion of bonds issued by GWG face dire consequence if the alternative asset manager files for bankruptcy.
The insurer's life and retirement arm, which has $411 billion in client assets, will be renamed Corebridge Financial once it goes public.
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
For the year, policy sales were up 5%, which is the highest annual growth since 1983, according to Limra.
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
In an unusual aspect of the investors' claim and subsequent award against First Allied Securities, the $2.66 million in damages requested matched the amount the three arbitrators awarded.
As inflationary pressures mount, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk.
Both new and existing retirees face the challenge of generating steady income in the low-interest-rate environment, which calls into question the traditional 60/40 investment strategy.
