Treasury Clears Way for Longevity Annuities in 401(k)s, IRAs
The Treasury Department and the Internal Revenue Service issued final rules on July 1 to make longevity annuities—which provide regular payments that begin at an advanced age and continue throughout the individual's life—accessible to the 401(k) and IRA markets.
Deferred Income Annuities Reach Record Sales
The strong performance reflects recent product innovation, according to IRI research.
Variable Annuities Set Asset Record in 2010: IRI
The Insured Retirement Institute announced Monday that in 2010, variable annuities reached $1.5 trillion in assets, an "all-time record."
Middle Class Benefits Most From Tax Deferral in Annuity Earnings
The Insured Retirement Institute released a report on Monday showing how deferring taxes of annuity earnings benefits consumers.
Women Represent Untapped Market for Retirement: IRI
A report released Jan. 31 by the Insured Retirement Institute found women are a "highly addressable, yet untapped" market for retirement.
Annuity Industry Poised for Continued Growth, IRI Survey Finds
A new survey released Wednesday from the Insured Retirement Institute and Cerulli Associates found there are several key areas for growth within the annuity industry.
Variable Annuity Costs Fell in Second Quarter, IRI Report Finds
A report released Tuesday, August 31, from the Insured Retirement Institute found the cost of variable annuities fell in the second quarter of 2010.
Boomers Say Fixed Income to Be Main Retirement Fund, IRI Study Finds
A study released by the Insured Retirement Institute (IRI) showed that boomers more than five years away from retirement were focused primarily on the need to live within a fixed income.
Unretired Boomers Continue to Focus on 'Fixed Income' Futures
We recently reported that boomers fear outliving their retirement savings more than death. A new report from the Insured Retirement Institute further highlights boomers'...
VA Summary Prospectus Looks Inevitable
IRI pushes for a general summary document that all VA providers can use