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All About Annuities » 2012 » June

LIMRA: Most Advisors Favor Including Annuities in Clients’ Portfolios

LIMRA: Most Advisors Favor Including Annuities in Clients’ PortfoliosNews from LifeHealthPro: More than half of insurance and financial professional believe that a segment of their clientele should have annuities as part of their investment portfolio, according to a new report. The study, published by LIMRA, Windsor, Conn., says that 55% of advisors whose clients typically [...]

Annuities ‘have no second chances’

Annuities ‘have no second chances’News from Key Retirement Solutions: Older people who are looking into the benefits of annuities have been reminded they will only have one chance to pick such a product, so must pick the right one for their needs. Joanne Segars, chief executive of the National Association of Pension Funds, stated there [...]

Webb pushes impaired life annuities

Webb pushes impaired life annuitiesNews from Professional Pensions: Impaired life annuities could offset ‘unfair’ rises in state pension age for groups with lower life expectancy, the pension minister says. State pension age is set to increase to 67 in the UK between 2026 and 2028 and the government is considering an automatic up-rating system that [...]

Phoenix sells £5bn in-payment annuities to Guardian

Phoenix sells £5bn in-payment annuities to GuardianNews from Professional Pensions: Closed life fund consolidator Phoenix Group will sell £5bn worth of in-payment annuities to Guardian Financial Services next month. Guardian will meet all future payments to the 300,000 annuity holders, taking its total assets under management to £13bn. Guardian was acquired by private equity firm [...]

Understanding fixed-term annuities

Understanding fixed-term annuitiesNews from ifaonline.co.uk: Fixed-term annuities have faced some criticism recently, Helen Morrissey asks whether it is justified For the past six weeks the retirement industry has been vigorously debating fixed-term annuities and whether they are good products for today’s retirees. The discussion was kicked off by Legal & General’s group executive director for [...]

5 things you should know about annuities

5 things you should know about annuitiesNews from newjerseynewsroom.com: Read this before signing on the dotted line BY ROBERT J. DIQUOLLO COMMENTARY Some investment firms and insurance companies are strong advocates of annuities as a guaranteed income source for retirement. While annuities can play a role in certain investor portfolios, in general, they are expensive [...]

On Longevity Risk, Annuities and Johan Santana

On Longevity Risk, Annuities and Johan SantanaNews from LifeHealthPro: AP Photo: Frank Franklin II History was made on June 1. Yet unless you follow baseball religiously or are a lifelong New York Mets fan like me, you probably didn’t realize it. That’s the day Mets left-handed pitcher Johan Santana threw the first no-hitter in the [...]

Carriers bet on life insurance in place of annuities

Carriers bet on life insurance in place of annuitiesNews from InvestmentNews: With low interest rates and volatile equity markets slowing annuity sales, insurance companies think that life insurance will be their next hot revenue generator. And they expect financial advisers to help carry out their plans. “The huge consumer need [for life insurance] matches up [...]

Your Finance: variable annuities

Your Finance: variable annuitiesNews from Newsday: Originally published: June 14, 2012 2:58 PMUpdated: June 15, 2012 8:39 PMBy LINDA STERN. Reuters Photo credit: HealthDay | But it will outpace economic growth in years to come, government researchers say The variable annuity market has been sending mixed signals. Sales are down, several key players have exited [...]

GM’s salaried retirees balk at uninsured annuities offer

GM’s salaried retirees balk at uninsured annuities offerNews from USA TODAY: DETROIT — A group representing General Motors’ 118,000 salaried retirees blasted the automaker’s plan to convert pension payments into equivalent monthly annuity checks that won’t be insured by a federal authority. Stan Honda, AFP/Getty Images The General Motors headquarters in January 2012 in Detroit, [...]