Fixed Annuity News

The fixed annuity industry is constantly changing. From product evolution and distribution consolidation to pending regulation and legislation, NAFA works diligently to keep up with every aspect of the marketplace and provide you with its most pertinent news in a timely manner. Utilize the information below to read about recent media coverage in our Monday Media Reports, access all things NAFA via our NAFAwire, visit our Press Room for the association’s most current news releases or to catch up on our Twitter feed.

Industry News

7 of the Most Important Steps of Retirement Planning
27 March – LINDSAY GOLDWERT – Good Housekeeping

“If you haven’t begun preparing for retirement or don’t have enough protected lifetime income to cover your essential monthly expenses, you’re not alone. Sixty-three percent of Americans are unprotected for retirement, meaning they have no source of protected lifetime income – such as pensions or annuities – other than Social Security. If you do have a pension, you’re one of only 17% of private sector workers who have access to a pension today.”

How Annuities Can Be A Client’s GPS During Market Turmoil
27 March – Brendan Connerton – Insurance News Net

“In light of the recent market and interest rate volatility, it’s important to take a moment and reinforce why annuities are sold in uncertain economic times. Annuities are a protection and safety product and provide three distinct benefits – GPS:…”

Impress Your Clients During The Pandemic And Beyond
27 March – Bryce Sanders – Insurance News Net

“Fortunately for you, you are not in a hospital on a ventilator. You are likely working remotely, also known as confined to barracks at home. You can venture out for what you need (food, fuel, pharmaceuticals) but not what you want (live music, movies, shopping). Your clients are in the same situation. How can you “be there for them?” Build good will? Become their top trusted advisor going forward?”

Congress may let you take $100,000 from your 401(k). What you should know
23 March – Darla Mercado – CNBC

“You may soon be able to withdraw up to $100,000 from your 401(k) retirement plan amid the coronavirus outbreak.”

“Just make sure you read the fine print before you jump in.”

How to handle your 401(k) if you’re close to retirement amid coronavirus market crash
20 March – Talia Kaplan – Fox News

““Conventional wisdom says the best thing to do is to just keep contributing to your 401(k) and not to touch it,” he said, adding that you should only do that if “you’re in a place where you have a lot of liquidity right now, where you have a lot of money sitting in the bank.””

10 Ways COVID-19 Is Affecting the Life and Annuity Distribution World
19 March – Allison Bell – Think Advisor

“Here are 10 things people in the sales and distribution community are saying about the current, and future, effects of the pandemic, drawn from written commentaries emailed to us, emailed to clients, or distributed through press release services.”

5 Biggest Retirement Worries For Women In Their Sixties
18 March – David Rae – Forbes

“As women in their sixties approach retirement, they often feel insecure financially. Planning for retirement is stressful enough, but women face a few additional challenges. Longer lifespans, gender pay gap, and more time (on average) out of the workforce can make saving for a comfortable retirement more difficult for women, whether they are single or married. A 2019 study by the NCOA/Ipsos delved into some of the biggest concerns women had about their finances during retirement.”

Coronavirus: 8 Things Your Small Business Needs to Do
March – Emily Heaslip – US Chamber of Commerce

“Here are the top CDC-recommended tips that small business owners can take to mitigate risk, protect employees and support customers during the COVID-19 pandemic.”

Wall Street says these things must happen before the market will stop plunging and bottom
16 March – Yun Li – MSNBC

“Mislav Matejka, head of global equity strategy at JPMorgan, gave three things that need to happen for a rebound to occur: “1. We get a much more aggressive fiscal policy response, 2. If the original problem, virus outbreak, starts showing clear signs of seasonality/peaking out, or 3. If markets overshoot in pricing in of a recession, something which we think we are still some way away from, in contrast to the prevailing consensus wisdom, which argues that recession is already fully in the price.”

Tips From Experts—Our Co-Workers in Asia—About Working From Home
15 March – Justin Ocean – Bloomberg

“When the novel coronavirus started spreading across Asia in January, forcing the world’s largest work-from-home experiment, not many knew what to expect, least of all Bloomberg’s 400-plus journalists in the region. Six weeks later (and counting), only now are some starting to return to the office.  Meanwhile, the great experiment is going worldwide as Covid-19 cases mount in the U.S. and Europe, with Spain and France joining Italy on lockdown, and cities such as New York grinding to a halt. Chances are that you, too, will be executing a mandatory telecommute sometime soon, if you aren’t already.”

Monday Media Report

Monday Media Report

The NAFA Media Report features a summary of the previous week’s fixed annuity media coverage as compiled by NAFA’s Director of Research, Dr. Jack Marrion. NAFA welcomes your contributions and suggested additions.

Access the most current report »

Monday Media Report

The Call

The Call features timely and seasonal regulatory and legislative updates to help NAFA members stay on top of issues impacting their businesses. Both federal and state editions are distributed to keep you informed.

Access the most current update »

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In an effort to help our members ‒ including #IMOs, #agents and vendors ‒ protect their businesses in these trying times, we've put together a summary of the #smallbusiness provisions available through the #CARESAct. View the summary and access the apps: https://nafa.com/nafa-summarizes-the-cares-act-%e2%80%92-small-business-provisions/

Historically, when markets crash and consumers lose money, #complaints and enforcement actions spike. Are you prepared? Join us tomorrow as @maureen65014574, Summit Compliance Group, shares tips on navigating risks and protecting your practice. Register: https://register.gotowebinar.com/register/7533870571976423692

Trying to make sense of current uncertainty? Join us tomorrow as @Nationwide discusses key factors including #stockmarket movements, the Fed's response and critical data points that can help determine possible scenarios for the months ahead. Register now: https://register.gotowebinar.com/register/8428171548475434253

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