The People’s Bank of China raised its one-year base lending rate by 25 basis points to 5.81 percent – the central bank’s second move in just over two months, according to a FT article – as it sought to tame inflation. Although the move had been anticipated for weeks, it serves as a reminder that [...]
Allianz LifePreparing for the Next Stage Of Life Insurance
Allianz Life Begins To Plan For The Future By Tapping The Accenture Life Insurance Platform As Its New Policy Administration System. To enhance product development capabilities and improve customer service, Allianz Life Insurance Company of North America will deploy the Accenture Life Insurance Platform (ALIP). Allianz Life, a subsidiary of Munich-based Allianz SE (US$129.9 billion [...]
Allianz trims board on retirement of AGI’s Faber
12:00am MST Wed Jan 12, 2011 9:20am EST * Allianz reduces board members to nine from 10 * Allianz Global Investors CEO Faber to retire Dec. 31 * Nafta head Jay Ralph to be AGI’s CEO from 2012 FRANKFURT, Jan 12 (Reuters) – Allianz (ALVG.DE) will trim its board to nine members with the retirement [...]
How Retirement Pro Works – Allianz Life
Reaching your long-term financial goals requires taking a proactive approach to saving for your retirement. With Allianz Retirement Pro you have the flexibility to allocate, add, or transfer money between two accounts depending on your investment objective. The Base Account is more growth-oriented with a wide range of investment options from virtually every asset class. [...]
Allianz appoints senior fraud analyst
Allianz appoints senior fraud analyst by Richard Kilner Story link: Allianz appoints senior fraud analyst Allianz Retail has announced that it has bolstered its fraud team with the appointment of James Tucker as a senior fraud analyst. Tucker will be tasked with working on a number of measures to enable Allianz remains free of front-end [...]
Target-Date Funds Add Guaranteed Annuities
Image by Getty Images via @daylife Amid concerns that people will outlive their assets, financial firms are adding annuities to target-date mutual funds. Investors in these popular funds — particularly older investors — might welcome the addition of these insurance contracts, which provide a stream of income for life. But they must also understand the [...]
Indexed Annuities Set Sales Record – Jennifer Monahan-Searles
The decline of annuities has been exaggerated. For nearly two years, it seems, every time we read news about annuities that news has been negative. Or at least it’s contained a negative slant. Not this time.According to AnnuitySpecs.com’s Indexed Sales & Market Report, third-quarter sales for indexed annuities were $8.7 billion, up 16 percent from [...]
More on Allianz Annuity Survey – Wade Dokken
Joe Mont writes a more detailed follow-up on Allianz’s annuity buyer study. The real truth appears to be that Americans place a greater emphasis on safety of principal, guarantee of return and lifetime income guarantees than in the past. They have lost 20-30% on their home values (which could equate to 100% of principal), [...]
A Rose by Another Name Still Pays Guaranteed Income and Guarantees Principal Commentary by Wade Dokken
Perception is reality is the old saying, which is generally a convenient short-hand for explaining that the facts don’t matter, but what matters is how people already perceive the facts. I get the saying, but I don’t buy the inevitability of the saying. I started in financial services in 1984, and the “perception” was [...]
U.S. Heads up Global Retirement Market – Retirement Income Planning – Life and Health Insurance News
A recent Allianz survey found continued growth in the U.S. retirement market. The results are detailed below. The U.S. remains the leading retirement market, accounting for more than half of the world’s total retirement assets of nearly $28 trillion, according to a new report. The report by Allianz Life Insurance Co. of North America, [...]
