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AIG files for IPO of life and retirement business
The insurer's life and retirement arm, which has $411 billion in client assets, will be renamed Corebridge Financial once it goes public.
Jury finds ex-LPL broker liable in fraudulent sale of annuities
The Securities and Exchange Commission wins its case against Jonathan Dax Cooke for fraudulently selling variable annuities to hundreds of federal employees.
Senate Banking Chair warns about private equity ownership of insurance companies
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.
Life insurance new premiums up 20% in 2021, setting record
For the year, policy sales were up 5%, which is the highest annual growth since 1983, according to Limra.
Inflation to boost future retiree health care costs
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
Cetera B-D on hook for $2.66 million arbitration claim stemming from REITs, annuities
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.
Helping investors ‘weatherize’ their retirement dollars
As inflationary pressures mount, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk.
Retiring in an age of uncertainty
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.
Hub acquires employee-benefit consultant and insurance broker
The company said it's buying Beaverton, Oregon-based Niedermeyer Risk Management and Kirkland, Washington-based Pacific Northwest Insurance.
AIG, Reliance Standard launch index annuities
The new products include features that are designed to protect against volatility and increase income.
Retirement savings legislation continues to percolate on Capitol Hill
Among the provisions of a draft bill are one that would improve fee disclosures in defined-contribution plans and another that would allow annuities as qualified investment default alternatives in plans.
DOL sues employee benefit plan fiduciaries for over $2.8 million
The Labor Department charges a Chicago fund's fiduciaries and counsel with committing multiple ERISA violations.
Americans want new ways to generate retirement income
Why aren't advisers talking to clients about the solutions that are out there? Many investors are still choosing only traditional investment vehicles and missing the complementary role annuities can play in retirement portfolios.
Morningstar partners with Hueler on annuities
Morningstar Retirement Manager will use Hueler's platform to help individuals include guaranteed income products in their retirement plans.
Flat-fee annuity for RIAs adds more investment choices
DFA and Midland National are working with RetireOne on its contingent deferred annuity, which launched last October.
Fintech raises $5.1 million to expand annuity platform for 401(k)s
Major insurers including Allianz Life, Franklin Templeton and Pacific Life are joining a venture firm in backing San Francisco-based Micruity.
Employee-paid benefits? Huh?
Just half of those eligible take advantage of voluntary benefits, survey finds.
LPL nabs MassMutual advisers managing $550 million
The six-adviser team in St. Louis, Planify Group, is affiliating through super OSJ Cornerstone Wealth Management.
Caribou lands $3 million to manage health care costs for clients
The health care planning fintech is aiming to make complex health insurance decisions easier by collecting data about clients’ plans, usage and medications to find the best possible strategies.
Lincoln partners with CHIP to broaden access to advice
The firm's African American Financial Professionals Network will use tools provided by Changing How Individuals Prosper, an online referral network.
