As reported in Banking Business Review, “MetLife Launches (a) Lower-cost Variable Annuity.” The product is called Simple Solutions and is geared towards retirees and those soon-to-be that are 60-80 years old. Simple Solutions was introduced to meet two retirement concerns: “retirement income and safety considerations.” …
Although consumers have been wary of many variable annuities lately, Sun Life Financial Inc. has made changes that have increased their sales. This information comes from “Sun Life Beams About Variable Annuities but Barriers Remain” by Matt Ackermann of American Banker. Valuable leadership changes within …
Due to the recent financial crises affecting America, President Obama’s White House has proposed changes affecting all of the U.S. banking and market operations. Maura Lockwood, of Cabot Headline News, writes this in “U.S. Administration Proposes Historic Financial Overhaul.” The goal appears to be lessening …
Brookings Institution in Washington is trying to persuade both employers and lawmakers that annuity products are critical to the future of 401(k) plans. One of the main proponents of this “annuity initiative” is J. Mark Iwry, President Obama’s new deputy assistant Treasury secretary for retirement …
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