The Global Perspective Industry

News

Retirement Un-Preparedness is a Global Problem, MetLife Survey Shows

Nearly half of U.S. employees and millions of workers abroad have not taken steps to determine their income needs in retirement.

Fidelity International Challenges Value of Living Benefits

In a new report, the fund giant's global unit estimates a one-in-70 chance that a lifetime withdrawal guarantee would pay out more than it cost.

AIG Unit to Sell Custom VAs in Japan

The Japanese branch of American International Group’s U.S.-based American Life Insurance Company will provide variable annuities to the customers of Japan Post Holdings Co., Ltd.

Aegon Introduces Variable Annuity in U.K.

The product is an alternative to income annuities and systematic withdrawal plans, which the English call “income drawdown.”

ING Gains from Citigroup Sub-Prime Woes

By acquiring CitiStreet, the Dutch banking giant becomes the third-largest defined contribution business in the U.S., managing $351 billion.

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Articles

Annuities Remain Best Bet For Retirees

Outside of a defined benefit plan, traditional life annuities issued by insurance companies are the best ways to reduce longevity risk for women. Yet few retirees purchase them, according to a recent report entitled, 'Evaluation of Approaches To Reducing Women's Longevity Risk.' The report, by Beverly Orth of Mercer Human Resource Consulting, confirms the conventional wisdom that variable annuities, though popular as tax-deferral vehicles, are almost never annuitized. She attributes that to a lack of education about annuities and the media's negative portrayal of them.

In Pursuit of 'Pension Pots'

America's leading variable annuity issuers are bullish on John Bull. Over the past 12 to 18 months, AXA Equitable Life, The Hartford, Lincoln Financial...

Finally, the Yield Curve Turns Positive

After lying prone or inverted for what seemed like an eternity, the interest rate yield curve returned to a more normal upward slope in September after...

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