May 12, 2008 – The Chicago-area research firm had been a 'relief defendant' in a $2.8 million investment fraud complaint against its president's former husband.
May 12, 2008 – A living benefit rider could make sense under severe market conditions, according to an article in the May 2008 issue of the Journal of Financial Planning.
May 12, 2008 – The new Leaders variable annuity combines features of the Leaders Suite and the Director M Suite.
April 30, 2008 – The idea of taking income tools out of the annuity context and applying them in new markets is the order of the day.
April 30, 2008 – This spring, four major insurers and a global asset manager jumped into the 401(k) market by offering group annuities that provide guaranteed lifetime withdrawal benefits.
April 30, 2008 – The big fund companies, concerned about losing assets when Baby Boomers convert their savings to income, have developed non-guaranteed income vehicles to prevent the bleeding.
April 30, 2008 – Most of 2008s new GLWB riders more or less matched the 7%-a-year 10-year roll-up that Prudential, ING, Nationwide and others introduced in 2007.
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Managing Director
Firm: Cogent Research
A variable annuity product developer noted a while ago that if Baby Boomers don't come to his product--the guaranteed lifetime withdrawal benefits, or GLWB--then he'll take his product to them. A lot of his industry colleagues seem to have had the same thought.