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All About Annuities » 2013 » December

AkzoNobel To Purchase Annuities For US Pension Obligations

AkzoNobel To Purchase Annuities For US Pension ObligationsNews from AftermarketNews.com (AMN): AkzoNobel To Purchase Annuities For U.S. Pension Obligations THE NETHERLANDS – AkzoNobel has agreed to transfer its obligations for monthly pension payments for current retirees in the U.S. to insurance company MetLife.   The annuity purchase is expected to reduce AkzoNobel’s U.S. pension obligations [...]

Interest rate appeal: Market value adjusted annuities surge

Interest rate appeal: Market value adjusted annuities surgeNews from LifeHealthPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. AP Photo/Mary Altaffer, file As clients have begun to feel the shifting winds with [...]

Following Suit: Variable Annuities Litigation Update

Following Suit: Variable Annuities Litigation UpdateNews from LawyersandSettlements.com: • As the largest generation in America’s history gets ready to retire, the focus on litigation over financial scams is gaining momentum. Variable annuities, a type of financial product many people are not likely familiar with, represent a minefield for investors, particularly seniors and people trying to [...]

Financial professionals underestimate appeal of annuities

Financial professionals underestimate appeal of annuitiesNews from IFAwebnews.com: Consumers perceive annuities more positively than financial professionals give them credit for, according to The Future of Retirement Income, a new study released by Genworth. The study, a culmination of in-depth interviews, focus groups and quantitative surveys with financial professionals, annuity owners and non-annuity owners, revealed that [...]

New year could bring a boon for annuities

New year could bring a boon for annuitiesNews from InvestmentNews: Next year could be a big one for variable and indexed annuities, both in terms of sales and product development, as new tax and interest rate realities sink in. This year set what appeared to be a perfect backdrop for annuity sales and development, with [...]

Research: Indexed annuities set quarterly, YTD sales records

Research: Indexed annuities set quarterly, YTD sales recordsNews from IFAwebnews.com: The fixed annuity industry experienced one of its strongest periods of sales growth during third quarter 2013, according to the Beacon Research Fixed Annuity Premium Study. Indexed and deferred income annuities (DIAs) results hit record highs and sales of market-value-adjusted (MVA) annuities for the first [...]

Look to Dividend Aristocrat Stocks, not Annuities, for Retirement Income

Look to Dividend Aristocrat Stocks, not Annuities, for Retirement IncomeNews from TheStreet.com: NEW YORK (TheStreet) – For many investors, the main appeal of an annuity, a contract with an insurance company, is that it provides a fixed stream of income for a set period of time. Far more attractive, however, are dividend aristocrat stocks such as [...]

Falcone Reinsurer to Take on $160 Million of Annuities

Falcone Reinsurer to Take on $ 160 Million of AnnuitiesNews from Bloomberg: Front Street Re, the reinsurer controlled by Philip Falcone’s Harbinger Group (HRG) Inc., is expanding in annuities with its first transaction that doesn’t involve an affiliated company. Front Street is taking on $ 160 million of the retirement contracts from Bankers Life Insurance [...]

BRIEF-Akzo Nobel to purchase annuities for US pension obligations

BRIEF-Akzo Nobel to purchase annuities for US pension obligationsNews from Reuters: AMSTERDAM Wed Dec 18, 2013 2:11am EST AMSTERDAM Dec 18 (Reuters) – Akzo Nobel NV : * Says AkzoNobel to purchase annuities for US pension obligations * Annuity purchase is expected to reduce AkzoNobel’s US pension obligations by about $ 655 million * Says [...]

Have annuities been naughty or nice in 2013?

Have annuities been naughty or nice in 2013?News from MarketWatch: Dan Shive/Shutterstock Was your annuity naught or nice? Santa has his hands full on deciding whether annuities have earned his praise or will continue to be viewed as the financial version of a chunk of coal. If there is an Annuity Santa, I’m guessing that [...]