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All About Annuities » 2011 » August

Swiss Re warns about changes to annuities post 2012

Swiss Re warns about changes to annuities post 2012News from FT Adviser: The recent ruling from the European Court of Justice means individuals will not be given an annuity that “accurately reflects their future life expectancy” from 2012 onwards, Swiss Re claimed. The European Court ruling means that unisex pricing of all types of insurance, [...]

Annuities worth examining

Annuities worth examiningNews from Sydney Morning Herald: Challenger chief executive Dominic Stevens. Photo: Jim Rice Annuities are proving a winner for Challenger, with retail annuities sales increasing 56 per cent in 2010-11 to $ 1.46 billion from the year earlier. Challenger is making a big push into the annuities market as retirees worry about the [...]

MetLife Makes Hay In Annuities As Baby Boomers Ditch Stocks

MetLife Makes Hay In Annuities As Baby Boomers Ditch StocksNews from Forbes: MetLife flying high A recent study by the Federal Reserve Bank of San Francisco indicated that baby boomers approaching retirement may have a negative impact on stock prices over the next two decades. The study states that many baby boomers have begun selling [...]

How and when annuities make sense

How and when annuities make senseNews from Cincinnati.com: It is just human nature. When someone offers us a product or service for a price, an alarm goes off in our heads: Is this something that I can benefit from, or does this guy just need to make a sale? Is he looking out for me, [...]

Investors Take Shine to Annuities in 2Q

Investors Take Shine to Annuities in 2Q News from On Wall Street: Advertisement Annuities sold at a brisk pace in the second quarter, setting the stage for a record year of sales, according to the Insured Retirement Institute. Nationwide, second-quarter sales rose 10%, to $ 60.4 billion, compared to the second quarter of 2010, the [...]

Hartford re-enters structured settlement annuities

Hartford re-enters structured settlement annuities News from BusinessWeek: HARTFORD, Conn. The Hartford Financial Services Group Inc. said on Tuesday that it is re-entering the structured settlement annuity market as part of a broader strategy to expand its annuity business. The company’s Hartford Life Insurance Co. unit is issuing a structured settlement fixed annuity that provides [...]

Hartford re-enters structured settlement annuities

Hartford re-enters structured settlement annuities News from Forbes:Associated Press, 08.23.11, 11:38 AM EDT HARTFORD, Conn. — The Hartford Financial Services Group Inc. said on Tuesday that it is re-entering the structured settlement annuity market as part of a broader strategy to expand its annuity business. The company’s Hartford Life Insurance Co. unit is issuing a [...]

Annuities boom boosts Challenger’s results

Annuities boom boosts Challenger’s results News from Sydney Morning Herald: A BOOM in demand for annuities has led Challenger to claim a commanding position in a transformation of how Australians pay for their retirement. Challenger yesterday reported a 7 per cent increase in its preferred measure of ”normalised” net profit after tax for the full [...]

Do conventional annuities have a long-term future?

Do conventional annuities have a long-term future? News from Annuity Rates: With life expectancy increasing and annuity rates decreasing, this is a question which many industry experts might well be considering. The fact of the matter is that we are all living longer and in many cases having to live in retirement with an increasingly smaller [...]

Living annuities

Living annuities News from Look before you leap – FM.co.za: Over the past few days many retired people will have seen their accumulated savings eroded by falling share prices. Twenty years ago pensions were either paid by the company or bought from life offices and guaranteed for life. Statistics from the Association for Savings & [...]