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All About Annuities » 2011 » May

Annuities can be linked to long-term care

Annuities can be linked to long-term care News from Cincinnati.com: Annuities can be versatile vehicles. Most people think of fixed annuities as insurance vehicles which allow people to simply set aside money that would otherwise go into a certificate of deposit. They put it into the annuity, and the fund earns interest at competitive rates. [...]

Annuities in retirement plans remain rare

Annuities in retirement plans remain rare News from MarketWatch: By Daisy Maxey –Annuities for use in defined-contribution retirement plans remain rare –Companies that offer in-plan annuities have seen some increased participation, but say some plan sponsors seek additional regulatory clarity [...]

Annuities: when pounds add up to £££’s

Annuities: when pounds add up to £££’s News from Telegraph.co.uk: For many pensioners, the difference in income can be startling. For example, if you have a pension fund of £50,000, a standard annuity might buy you about £3,100 a year as a 65-year-old male. However, if you tell your annuity provider that you drink 36 [...]

Life Length test linked to enhanced annuities

Life Length test linked to enhanced annuities News from FT Adviser: A new DNA test may have a significant effect on the value of enhanced annuities worth more than £50,000, according to John Lawson, head of pensions policy at Standard Life. The over-the-counter test, unveiled by analysis company Life Length, measures the length of telomeres [...]

Invest in annuities and mutual funds

Invest in annuities and mutual funds News from GoErie.com: Dear Mr. Berko: I have a 2-year-old son, and for reasons I do not wish to discuss, I am out of his life forever. I want to provide for his future without him knowing it. I have $ 106,000 to invest so I visited two brokers. [...]

Raymond James to pay $1.5 mln in annuities case

Raymond James to pay $ 1.5 mln in annuities case News from Reuters: Thu May 19, 2011 5:49pm EDT * Couple alleges broker improperly sold annuities, stocks * Raymond James “disappointed” by panel’s ruling (Adds byline, comment from Tylers’ attorney, details on case) By Joe Rauch CHARLOTTE, N.C., May 19 (Reuters) – Raymond James Financial [...]

John Hancock settles with Florida over annuities

John Hancock settles with Florida over annuities News from Forbes: TALLAHASSEE, Fla. — John Hancock Life Insurance Co. has reached a settlement with Florida insurance regulators resolving a dispute over the way the company handles payments for life insurance beneficiaries. The agreement announced Wednesday stems from an investigation by the Florida Office of Insurance Regulation [...]

Processing Time for Calculating Annuities is Getting Worse: Is it OPM’s …

Processing Time for Calculating Annuities is Getting Worse: Is it OPM’s … News from FedSmith.com: Print Comments RSS By Robert F. Benson Monday, May 16, 2011 You can have a summary of the latest headlines from FedSmith.com delivered right to your email inbox each business morning. The service is free and you don’t get junk [...]

Blunders over annuities leave thousands of pensioners waiting months for their …

Blunders over annuities leave thousands of pensioners waiting months for their … News from Daily Mail: By Stephen Womack Last updated at 10:10 PM on 7th May 2011 Former London black cab driver Tony Slotnick hoped his retirement would be free of worry – but he couldn’t even draw his pension for three months because [...]

Short-term annuities are the answer

Short-term annuities are the answer News from Sydney Morning Herald: A conservative approach to superannuation calls for locked-in rates, tax-free, writes George Cochrane. I AM a 66-year-old retiree, receiving a Commonwealth Superannuation Scheme pension of $ 36,000, of which $ 11,000 is the non-indexed portion. I have $ 105,000 in super. I lost a lot [...]