Variable Annuities a Top Source of Customer Complaints: FINRA
FINRA says it is "very focused" on VAs, particularly on more complex ones that have caps and buffers to manage market risk.
New on the VA Block: The GOVA
Several annuity companies are now offering what the Insured Retirement Institute calls an innovative product: the growth-oriented variable annuity (GOVA). The annuity, IRI said, is designed to grow and protect the annuity holder's asset base, knowing that it can be converted to a guaranteed income stream at a later date.
Assessing the Annuity Landscape
Some advisors swear by annuities while others steer clear of them. Whichever camp you fall into, here are some annuity trends to watch.
Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
New Hire Roundup: Curian Capital Names Czaicki CIO
Also, the SEC brought in Stephanie Avakian as deputy director of enforcement.
More Boomers Plan to Work Till 70 or Older: IRI
There was good news and bad news in a recent study on baby boomers' retirement readiness by the Insured Retirement Institute.
National Retirement Planning Week Offers Critical Tools for Advisors
It's National Retirement Planning Week, and here are some tools advisors can take advantage of to promote retirement preparedness.
Retirement Planning, Not Social Security or LTC, Dominates Advisors’ Client Discussions
Retirement planning is the No. 1 topic of discussion between advisors and their clients, according to an IRI study.
Camp’s Tax Plan Unlikely to Pass but Sure to Ignite Debate
Though Rep. Camp's tax plan is highly unlikely to become law this year, retirement planning advocates weighed in.
Just 23% of Gen Xers Plan Retirement With Advisors: Study
Gen Xers are saving 15% less today than they were two years ago, research finds, and they could benefit from working with advisors.