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.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
