In an effort to reduce growing pension liabilities in the United States, a top Republican senator has proposed a plan that would allow state and municipal governments to transfer pension management to insurance companies.
CI Investments has launched the G5|20 Series, a new mutual fund that aims to provide cash flow, growth potential and protection from market downturns.
Sun Life Financial’s sale of its American annuity business to a division of privately held Guggenheim Partners might not close by the end of the second quarter as planned.
New data from Towers Watson shows that it’s going to take Canadian workers more time to build a comfortable retirement nest egg than in years past.
Sun Life Financial has completed the first conversion of an annuity buy-in to an annuity buyout in Canada, according to a news release from the insurer.
The Office of the Superintendent of Financial Institutions (OSFI) has good news for plan sponsors and insurers today. It has announced that buy-in annuities issued by a life insurance company are permissible investment options for pension plan.
As baby boomers enter the de-accumulation phase, they need better choices to protect against longevity risk—and policy reform could help, says a report released today by the C.D. Howe Institute.
With interest rates stuck at historic lows, we’re at a point where the “annuities are expensive” mantra is conventional wisdom and rarely questioned. The purpose of this article is to explore this notion and quantify what “expensive” really means.
U.K. plan sponsors have been on the de-risking journey for many years, with the majority of U.K. DB plans having now completed, or at least considered, some form of de-risking.
Following our third market meltdown in the past decade, the fashion maxim “everything old is new again” may apply to annuities as well.