Retirement Income / Annuities

  • Americans’ Views Of Retirement
    Americans’ Views Of Retirement

    83 percent of Americans believe all workers should have a pension

    Americans are increasingly worried about retirement, and they see a return to pensions as a way to restore the American Dream of retirement, according to new research from the National Institute on Retirement Security (NIRS).
    read more
  • Taking A Serious Look At The Retirement Crisis In America
    Taking A Serious Look At The Retirement Crisis In America

    Americans face alarming retirement savings shortfall

    Most Americans will not have enough money for a financially secure retirement, and they are worried about it was the testimony of Dan Doonan, executive director of the National Institute on Retirement Security (NIRS) at a hearing before the Senate Health, Education, Labor, and Pensions (HELP) Committee.
    read more
  • Women Are Feeling Financially Prepared For Retirement Thanks To Hands-On Planning
    Women Are Feeling Financially Prepared For Retirement Thanks To Hands-On Planning

    Gone are the days when women asked others to handle their financial planning

    According to a new study from Bryn Mawr Trust, a WSFS Company (Nasdaq: WSFS), 87% of women feel financially well prepared for retirement, due to their growing involvement in financial planning (99% are involved), along with support from financial advisors.
    read more
  • Milliman Pension Buyout Index
    Milliman Pension Buyout Index

    Competitive pension risk transfer costs increase from 100.5% to 101.8% in January

    Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
    read more
  • Nearly 80% Of Near Retirees Failed Or Barely Passed A Basic Social Security Quiz
    Nearly 80% Of Near Retirees Failed Or Barely Passed A Basic Social Security Quiz

    Estate planning is another potential fail with near retirees

    The latest Social Security retirement benefits quiz of near-retirees from MassMutual exposes that too many – 78% -- failed or barely passed. In fact, 37% got a D and 41% failed. This is a slight improvement over 2023, when 47% failed the quiz. Less than 1% received an A+ by answering all 13 true/false statements…
    read more
  • U.S. Annuity Sales Post Another Record Year In 2023
    U.S. Annuity Sales Post Another Record Year In 2023

    Strong economic conditions coupled with growing demand for protected investment growth drive record sales for fixed annuity products

    For the second consecutive year, U.S. annuity sales set an all-time record high, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey, representing 83% of the total U.S. annuity market.
    read more
  • Asset Managers Should Rethink Their Approach To Advisors Servicing Defined Contribution Plans
    Asset Managers Should Rethink Their Approach To Advisors Servicing Defined Contribution Plans

    Asset managers can position themselves as strategic partners for broker/dealer-based advisors seeking to bridge their retirement plan and wealth businesses

    As broker/dealers (B/Ds) actively encourage their advisors to lean into the retirement plan space, asset managers will need to adapt their approach to product distribution and advisor support in this evolving intermediary landscape, according to the latest Cerulli Edge—U.S. Asset and Wealth Management Edition.
    read more
  • What Is Driving Americans’ Personal Finance Decisions?
    What Is Driving Americans’ Personal Finance Decisions?

    Majority of Americans say living within your means, maintaining a high credit score, and owning a home are key to achieving financial success

    Quicken, maker of the best-selling personal finance software, today shared findings from a survey that uncovered the advice driving Americans' personal finance decisions. The survey found that 80% of Americans have regrets regarding their financial choices – namely not maintaining a big enough emergency fund and not investing more aggressively.
    read more
  • Why Fixed-Rate Deferred Annuity Sales Tripled In Two Years
    Why Fixed-Rate Deferred Annuity Sales Tripled In Two Years

    Economic conditions will remain a primary driver of FRD annuity sales growth over the next few years

    Over the past few years, Americans have endured a pandemic, skyrocketing inflation and predictions about a possible recession — all of which would unnerve most investors. During that time, the equities markets experienced double-digit swings — up more than 20% in 2021, losing all of those gains in 2022, and rebounding in 2023.
    read more
  • Retirement Income Literacy Study
    Retirement Income Literacy Study

    Improving financial literacy supports retirement wellness and confidence

    The American College of Financial Services 2023 Retirement Income Literacy Study finds that older Americans lack actionable retirement knowledge—averaging 31% on a retirement literacy quiz. The study reinforces the direct relationships that exist between financial literacy and factors such as asset level, as respondents with more than $1.5 million score twice as high as those…
    read more
  • A Clear Vision Of Retirement
    A Clear Vision Of Retirement

    How perception shapes our reality

    There is a disconnect between financial advisors and retirees and near-retirees on retirement readiness, as shown by the 21st annual Allspring Global Investments retirement survey. The survey, which for the first time included advisors, found that advisors' perceptions of their clients' retirement preparedness was far less than the retired or near-retired individuals themselves.
    read more
  • Think About The Kind Of Retirement You Want This Pension Awareness Day
    Think About The Kind Of Retirement You Want This Pension Awareness Day

    Five simple steps to make sure the cost-of-living crunch doesn't derail your future plans

    Ontario's financial services regulator is marking the province's 2nd annual Pension Awareness Day by urging all workers in the province to take the time to start planning for life after they stop working.
    read more
  • Lost And Found: What It Costs When You Lose Track Of Your Pension Plan
    Lost And Found: What It Costs When You Lose Track Of Your Pension Plan

    Don't let your retirement savings slip away and stay connected with your pension plan with good recordkeeping

    Ontario's financial services regulator says there are thousands of pension plan members in the province who have lost track of their pension plan, which is estimated to equal over $3 billion in benefits. Losing track of a pension plan can happen when, for example, plan members earn a small benefit at the start of their…
    read more