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All About Annuities » 2011 » September

ABI launches compulsory code for annuities market

ABI launches compulsory code for annuities marketNews from Key Retirement Solutions: Older people searching for ways to boost their finances in retirement may be tempted to turn to annuities, but could be put off by the lack of perceived security in the product. But a new scheme launched by the Association of British Insurers (ABI) [...]

Annuities Protection Bill Signed by California Governor

Annuities Protection Bill Signed by California GovernorNews from Annuity News Journal: The Annuities Protection Bill (Assembly Bill 689) signed by California Governor Jerry Brown on September 21, 2011 is primarily meant to “help protect the hard-earned financial security of Californians, especially seniors, and end an alarming breeding ground for fraud,” according to the bill’s author [...]

When stocks stumble, investors turn to annuities

When stocks stumble, investors turn to annuitiesNews from Globe and Mail: Annuities are an investment people think of when the chips are down, according to research from a business professor at the Richard Ivey School of Business. Alessandro Previtero, an expert in behavioural finance and financial decision making, examined annuities versus lump-sum payments, widely considered [...]

Annuities Protection Bill Signed by California Governor

Annuities Protection Bill Signed by California GovernorNews from Annuity News Journal: The Annuities Protection Bill (Assembly Bill 689) sigd by California Governor Jerry Brown on September 21, 2011 is primarily meant to “help protect the hard-earned financial security of Californians, especially seniors, and end an alarming breeding ground for fraud,” according to the bill’s author [...]

Annuities protection bill signed by governor

Annuities protection bill signed by governorNews from Bizjournals.com: Gov. Jerry Brown signed legislation Wednesday that enacts strong consumer protections in the California annuities market, valued at $ 20.7 billion a year. An annuity is the opposite of life insurance. The consumer pays a large sum or premiums to an insurer— and then a smaller sum [...]

Are Annuities the Next Bubble?

Are Annuities the Next Bubble?News from International Business Times: Not too long ago, if you mentioned the word “annuity” to investors, their eyes glazed over. But now individual investors, panicked by stock market selloffs that threaten their retirement dreams, have been doing something they have never done before: asking for them. Paradoxically, they are looking [...]

Variable Annuities

Variable AnnuitiesNews from Recent News and Facts – Annuity News Journal: Many people do not have a pension coming to them at retirement, but there is a smart way to use annuities to create a pension. Annuities have undergone changes for the better in the last few years. With all of today’s debt ceiling worries, [...]

Are annuities the next bubble?

Are annuities the next bubble?News from Reuters: By Linda Stern WASHINGTON | Tue Sep 20, 2011 12:38pm EDT (Reuters) – Not too long ago, if you mentioned the word “annuity” to investors, their eyes glazed over. But now individual investors, panicked by stock market selloffs that threaten their retirement dreams, have been doing something they [...]

Index Annuities: Complex, Aggressively Sold Investments

Index Annuities: Complex, Aggressively Sold InvestmentsNews from ABC News: Don’t be surprised if your tax preparer or insurance agent tries to sell you an investment called an index annuity. An index annuity is one where returns are linked to the performance of an index — a group of securities like stocks in the S&P 500. [...]

LIMRA Study: Retiree Reliance on Annuities is Small, but Growing

LIMRA Study: Retiree Reliance on Annuities is Small, but GrowingNews from Financial-Planning.com: Advertisement Among current retirees, annuities account for only an average of 4% of household income. That’s the finding of a new study of annuity use among retirees and near retirees just released by LIMRA, the Connecticut-based financial industry research organization. The LIMRA study found [...]