The decision follows a similar one by Prudential Financial to stop selling variable annuities with living benefits, amid extremely low interest rates
While the majority of plans don't include such options, employers have become more receptive to financial wellness, according to new research
As more commission-free products come to market, RIA firms are beginning to provide insurance solutions to clients
Health care is the top financial concern, survey reveals; 32% worry about unemployment
Sen. Richard Neal, D-Mass., criticized the measure for not including an assumption that 401(k) balances appreciate
But total annuity sales year-to-date are off 13% from 2019
In the current interest rate environment, income annuities find themselves in the unique position of being a competitive investment tool
SECURE Act provisions providing plan fiduciaries with some legal protection, requirements for lifetime income disclosures on 401(k) statements and a volatile stock market all bode well for these products
Income brackets to be adjusted for inflation for high-income retirees next year
Chief Executive Jenny Johnson outlined the $1.4 trillion manager's interest in technology and retirement assets at the Spark Forum
High-income surcharges apply regardless of how clients receive Medicare coverage
VA sales drop 10% in Q3, while fixed annuity sales increase 11%
The measure would build on the SECURE Act, but its legislative path is uncertain
Peter Zaffino, currently the company's president, will succeed current CEO Brian Duperreault March 1
It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage
Since 2016, Fidelity’s market share more than doubled, according to a recent Morningstar report
Advisers can help couples prepare today for survivorship and health care costs
Hearts & Wallets report finds participants want advice that their employer-sponsored plans simply can't provide
Only the top 40% of near-retirement 401(k) participants by income have enough saved for retirement
The variable annuity product has mortality and expense fees of 30 basis points
