Bank executives are attributing brisk growth in income from annuity and mutual fund sales to the strong stock market, retirement plan rollovers, and industry consolidation. Banks' first-quarter ...

Retirement investors with variable annuities beat the market and average mutual fund investors over a 20-year period by holding their investments longer, according to new findings from Dalbar, a ...

The academic literature is tremendously supportive of the power of longevity pooling (through the purchase of income annuities) to create better retirement outcomes for retirees. For example, Wade ...

NEW YORK — Fee income from variable and fixed annuities, and mutual funds, sold by banks declined by 0.6% last year to $19.33 billion, from $19.46 billion in 2005, according to a recent study. The ...

HORSHAM, Pa.--(BUSINESS WIRE)--The Penn Mutual Life Insurance Company announces the introduction of Diversified Growth SM VUL, its new variable universal life product (VUL) designed to maximize ...

NEW YORK--(BUSINESS WIRE)-- New York Life Insurance Company, the largest mutual life insurance company in the United States, continues to be a leader in annuity sales*. According to an industry source ...

SPRINGFIELD, Mass.--(BUSINESS WIRE)--The Cboe Vest U.S. Large Cap 10% Buffer Strategies VI Fund (“the buffer fund” or “the fund”) has been added to MassMutual Envision SM Variable Annuity (MassMutual ...

HORSHAM, Pa., Jan. 10, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of the Deferred Variable Annuity (DVA) product to ...

Lower-fee Vanguard investment options support a wide range of retirement goals HORSHAM, Pa., Jan. 10, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, ...

BISYS, the New York-based mutual fund and insurance product distributor, is continuing its bid to expand its insurance-related business with new reporting services for variable annuity and variable ...

An insurance distributor for RIAs Tuesday launched a contingent deferred annuity for that marketplace, which the firm calls the first of its kind. RetireOne, which is part of Aria Retirement Solutions ...

Question: Recently I've opened a traditional IRA account. Most of my investments are in the form of mutual funds. I am aware that mutual funds have annual operating fees. However, I am wondering ...