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All About Annuities » 2015 » March

Annuities Are Part Of The Retirement Readiness Playbook

Annuities Are Part Of The Retirement Readiness PlaybookNews from Insurance News Net: By Linda KocoInsuranceNewsNet Some retirement readiness data released this week by Voya Financial reads almost like a playbook on what Americans can do to increase their retirement readiness. That includes owning annuities, life and long-term care insurance, as well as building up savings [...]

Why the 1% loves annuities

Why the 1% loves annuitiesNews from MarketWatch: Class envy is currently in vogue, and it’s politically correct to be against what some politicians refer to as the “evil rich.” Recent studies reveal that the top 1% in this country earn over $ 380,000 annually, and the top 10th of 1% bring in more than $ [...]

Government deals blow to poorer pensioners looking to sell annuities

Government deals blow to poorer pensioners looking to sell annuitiesNews from Citywire.co.uk: Not everyone will benefit from plans to allow the sale of annuities as the poorest pensioners may be blocked from cash in their retirement income. Chancellor George Osborne used last week’s Budget to confirm pensioners receiving retirement income from an annuity would be [...]

The Ultra-Wealthy Are Increasingly Considering Private Placement Variable …

The Ultra-Wealthy Are Increasingly Considering Private Placement Variable …News from Forbes: Thinking longer-term, the affluent are looking for ways to invest while mitigating taxes on their investments. Hence, the growing appeal of private placement variable annuities. Simply put: a private placement variable annuity enables wealthy investors to defer income taxes on the growth of their [...]

Budget 2015: UK government sets out plans for ‘secondary market’ allowing …

Budget 2015: UK government sets out plans for ‘secondary market’ allowing …News from Out-Law.com: Pensioners planning to sell on the right to regular annuity payments to a third party could be required to seek independent financial advice before doing so, under plans put forward by the UK government.20 Mar 2015 A consultation paper published alongside [...]

Longevity Annuities Arrive in 401(k) Plans

Longevity Annuities Arrive in 401(k) PlansNews from Investopedia: The U.S. Department of the Treasury and Internal Revenue Service (IRS) recently approved the use of longevity annuities inside of target date funds in 401(k) plans and Individual Retirement Accounts (IRAs). They can be included in target date funds used as default investment alternatives, thus qualifying for [...]

Northwestern Mutual to pay $84 million to settle annuities lawsuit

Northwestern Mutual to pay $ 84 million to settle annuities lawsuitNews from Reuters: By Jonathan Stempel Mon Mar 16, 2015 3:46pm EDT (Reuters) – Northwestern Mutual Life Insurance Co agreed to pay $ 84 million to settle a lawsuit claiming that it illegally reduced potential payouts on annuities it sold at least 30 years ago, [...]

Osborne cuts punitive tax on annuities

Osborne cuts punitive tax on annuitiesNews from The Guardian: Many pensioners are expected to make the most of the new freedoms announced in the budget to cash in their annuities. Photograph: Linda Nylind for the Guardian The government is banking on a rush by Britain’s pensioners to cash in their existing annuities following new freedoms [...]

Northwestern Mutual Life to settle annuities suit for $84 million

Northwestern Mutual Life to settle annuities suit for $ 84 millionNews from Milwaukee Journal Sentinel: Northwestern Mutual Life Insurance Co. has agreed to pay $ 84 million to settle a long-running class action lawsuit over changes the company made to annuities it sold before 1985. About 4,000 current and 29,000 former owners of the product [...]

UK’s Osborne to allow pensioners to cash in annuities: newspapers

UK’s Osborne to allow pensioners to cash in annuities: newspapersNews from Reuters: British Chancellor of the Exchequer George Osborne delivers a speech on the UK economy to the Royal Economic Society at the Bank of England in London, January 14, 2015. Credit: Reuters/Andy Rain …………… continues on Reuters … Read the full article Related News: