Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
The Senate is planning to vote on a $160 billion version of the stimulus bill tomorrow.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
Speaking at the annual World Economic Forum in Davos, Bob Greifeld urged Congress to speedily pass a stimulus package.
The tentative deal involving $150 billion worth of tax rebates would provide $300 to $1,200 per household.
The new benefit will go with UBS’s target retirement funds and other investment options.
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
