John Hancock Retirement Debuts Plan Design Analysis Dashboard
PR Newswire
John Hancock Retirement announced today the availability of a new plan design analysis dashboard which enables an in-depth review of a plan s retirement readiness across several key metrics and identifies opportunities to improve participant outcomes.
The new dashboard analyzes a plan s data to visualize and quantify how different sponsor match structures and contribution scenarios impact both projected participant replacement ratios and the sponsors costs associated with those scenarios. Plan design is complex, and it impacts both the sponsor and the participant directly, said Lynda Abend, chief data officer, John Hancock Retirement. Sponsors need to not only understand how a plan design change could help participants prepare for retirement, but also how those changes can impact their business. Translating data into tangible information helps facilitate the decision-making discussion. These dashboard
Equitable Adds Protection Features To Its Tax-Deferred Variable Annuity
NEW YORK (BUSINESS WIRE) Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc., today announced enhancements to its Investment Edge tax-deferred variable annuity designed to give clients a level of protection against market volatility while preserving their ability to participate in market growth.
The latest version of Investment Edge adds an investment choice with partial downside protection from equity market losses similar to Equitable’s Structured Capital Strategies registered index-linked annuity.
This segment-based investment approach will track a well-known benchmark index of the client’s choosing. Clients can benefit from the potential growth of that index up to a performance cap rate, with protection against the first -10% of potential losses, less the contract fee.
Nationwide Reports Sales Drop In 2020, Ending Growth Streak
NBC - 4 WCMH (Columbus, OH)
Nationwide dealt with falling sales and another challenging year in disaster claims during 2020, but the company says it s prepared for 2021.
In its annual report released Wednesday, the Columbus-based giant reported total sales of $46.6 billion for 2020, a drop from the $49.3 billion reported in 2019 and the end a streak of several years of sales growth. Net operating income likewise fell from $1.9 billion in 2019 to $797 million in 2020.
CFO Mark Thresher said the drop in sales stemmed in part from a decision to pull some annuity products off of the market thanks to very low 10-year treasury yield curve rates.