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Archive for August 2021

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  • Allianz Warns Of Risk, Confirms Justice Dept. Probe

    {August 2nd, 2021} by Associated Press

    The Allianz financial services company is warning that lawsuits brought by U.S. investors against the company could end up having a material impact on its future financial results. The major German company made the disclosure Sunday, noting that it received a request from the U.S. Department of Justice for documents and information related to the […]

    AmeriLife To Acquire Saybrus Partners from Nassau Financial Group

    {August 2nd, 2021} by AmeriLife Group, LLC

    CLEARWATER, Fla. and HARTFORD, Conn., July 27, 2021 /PRNewswire/ — AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, has entered into an agreement to acquire Saybrus Partners, LLC (“Saybrus”), a life insurance and annuity distribution company, from Nassau Financial Group (“Nassau“). “As longtime partners with Nassau Financial Group, we’ve witnessed firsthand Saybrus Partners’ track […]

    Principal Financial In A ‘Good Place To Fight From’ As Competitors Scale Up

    {August 2nd, 2021} by John Hilton

    While in agreement that bigger is better in the retirement plan management world, Principal Financial executives say they feel no pressure to respond to the blockbuster Empower Retirement acquisition. Empower will acquire Prudential’s defined contribution, defined benefit, non-qualified and rollover IRA business in addition to its stable value and separate account investment products and platforms in […]

    Women Lost Retirement, Life Insurance In Romance Scams, FBI Alleges

    {August 2nd, 2021} by The Patriot Ledger

    BOSTON – A federal grand jury indicted two Canton men for what authorities say was a series of illegal online activities including romance scams, fraudulent unemployment claims and fake federal disaster loans. A third man involved in the case has signed a plea deal. This month, the grand jury indicted Osakpamwan Omoruyi, 36, and Osaretin […]

    How To Harness Bias For Retirement Investing

    {August 2nd, 2021} by Steve Morelli

    Financial advisors, particularly those working with employer plans, might often be struck by the question of why can’t people think of their future? The answer is they can’t. Humans are not wired that way, said Jonathan Young, senior national accounts manager at Capital Group. Young discussed the mystery of self-defeating practices as understood by behavioral […]

    Understanding Annuities: A Free Educational Webinar

    {August 2nd, 2021} by Advise Chaser

      While annuities might look like a guaranteed investment, they’re a bit more complex than that. Make sure your investments work for you, not for a sales person.” — Megan Coelho, President of Advice Chaser NEW YORK CITY, NEW YORK, USA, July 31, 2021 /EINPresswire.com/ — Alongside more traditional investment tools like 401(k)s and IRAs, […]

    Researchers Had To ‘Triple-Check’ Stunning 2Q Annuity Results

    {August 1st, 2021} by Steve Morelli

    Annuities boomed in the second quarter with fixed products showing a strong revival after several moribund quarters, according to early second-quarter sales results from the Secure Retirement Institute. It is no surprise that variable annuities did well with a 55% quarterly increase year-over-year as equities markets grow steadily with less volatility. The offshoot registered index-linked […]

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