A federal judge dismissed a lawsuit by former General Electric employees challenging a $1.7 billion pension risk transfer to Athene, citing lack of standing under ERISA. The ruling highlights judicial support for pension risk transfers as compliant and lawful.
Stephenie Melton and Travis Pettit convicted for elder financial exploitation involving insurance policy forgery and bank account fraud in Ulster County, highlighting insurance fraud risks.
American Life & Security Corp. collaborates with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15%™ Index for its American Select Fixed Indexed Annuity, featuring volatility control and intraday rebalancing to enhance crediting stability.
BCG Pension Risk Consultants enhances its defined benefit pension plan services by hiring experienced actuarial experts, reinforcing its market leadership in pension risk transfer and de-risking solutions for plan sponsors.
Brighthouse Financial outperforms industry growth with strong life insurance and annuity sales, attractive valuation, and robust financial metrics in the U.S. insurance market.
A $1.9 million Multi-Match jackpot ticket was sold in Lanham, MD, offering the winner annuity or cash payout options. The jackpot sale includes a retailer bonus and is the fourth in 2025.
The Social Security Administration forecasts a 2.7% cost-of-living adjustment for 2026 benefits, with key changes to full retirement age and tax limits impacting beneficiaries.
The PRA is assessing FundedRe transactions' regulatory treatment to address risk underestimation and market competitiveness in the UK insurance sector.
Explore recent U.S. market innovations including Mutual of America's managed IRAs, new Lincoln Financial annuities, active fixed income ETFs from Man Group and State Street, and AI-driven retirement tools enhancing compliance and client service.
Finastra's latest Fusion Invest update streamlines annuity carrier operations with dynamic hedging automation, collateral management enhancements, and compliance with derivatives regulations.
