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New Living Benefit for Sun Life Masters Annuities Meets Variety of Income Needs

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Written by U.S. Insurance News   
Monday, 12 May 2008
Whether customers need the income now or later, the new Retirement Income EscalatorSM from Sun Life Financial Inc.’s U.S. Division can meet that need.

The Retirement Income Escalator is a guaranteed minimum withdrawal benefit providing two options for clients to receive guaranteed lifetime income.
 

Wachovia Survey Shows Women Lack Retirement Building Confidence

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Written by U.S. Insurance News   
Monday, 12 May 2008
According to Wachovia’s fourth annual Retirement Survey, 54 percent of pre-retirement women state they are "frightened" by the idea of entrusting their savings to the stock market. Another 42 percent of women surveyed say they feel "intimidated" preparing for retirement as opposed to 29 percent of men surveyed.
 

Women of all Generations Thinking About Retirement

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Written by U.S. Insurance News   
Monday, 12 May 2008
A new study by Prudential Financial shows that younger women are having serious thoughts about saving for their retirement. No longer considered an “over 50” issue, Millennials (ages 25 – 29) and GenXers (ages 30-42) are considering their options about retirement. The study involving Millennials, GenXers, Boomers (ages 43-61), and Matures (ages 62 +) showed an increase since 2000 of women thinking about how to fund their retirement.
 

John Hancock RPS Creates Web-Based Training Program for TPAs of 401(k)s

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Written by U.S. Insurance News   
Monday, 05 May 2008
Since its inception, John Hancock Retirement Plan Services has been committed to developing and maintaining strong working relationships with third party administrators (TPAs), says George Revoir, senior voice president of John Hancock RPS.
 

TIAA-CREF Issues Compliance Guide for Administrators of 403(b) Plans

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Written by U.S. Insurance News   
Monday, 05 May 2008
Those who administer 403(b) plans need a little help navigating the new regulatory requirements.

That’s why TIAA-CREF, which serves more than 15,000 retirement plan sponsors in the academic, research, medical, and cultural fields, has introduced “403(b) Plan Fundamentals—Your Guide to Compliance.”
 
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