Updated Wednesday, July 23, 2014 as of 6:11 PM ET
Newly Approved Longevity Annuities Hit Snag: Wednesday's Retirement Scan
Our daily roundup of retirement news your clients may be thinking about.
Why your 401(k) isn't likely to offer a 'longevity annuity'
Many employer-sponsored 401(k) plans are unlikely to include longevity annuities, even though the federal rules now allow the plans to offer such financial options, according to a survey. The fiduciary responsibility of selecting annuity options from hundreds of products that insurers offer poses a big concern among employers. Companies are also worried about the administrative complications that may arise from the plan's decision to get new record keepers, or the worker's transfer to a new employer.  --MSN Money   more »
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With clients worried about running out of money in retirement, should advisors give annuities a second look? Professor Moshe Milevsky think so. more »
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In 2013, fees and commissions from annuity sales produced $3.43 billion in revenue, up 9% from 2012, according to the Michael White Bank Annuity Fee Income Report. more »
Fixed indexed annuities have helped drive overall industry growth, as advisors at large B-Ds and wirehouses embrace the controversial products. more »
Asset growth is still the name of the game—here are the best in the bank channel. more »
Regulatory, recruiting and retirement issues dominated the agenda at the annual BISA conference. Here are some of the smartest things we heard from economists, executives and other industry leaders during the well-attended three-day event. more »
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