IRI announced final third-quarter 2016 sales results for the U.S. annuity industry. Industry-wide annuity sales in the third quarter of 2016 totaled $51.3 billion. Fixed annuity sales reached $26 billion, while VA sales were nearly $25.4 billion.
IRI honored Missouri Insurance Director and NAIC President John Huff this weekend as the 2016 recipient of IRI’s State Champion of Retirement Security Award. Huff was honored for his efforts to promote retirement planning.
IRI issued a statement from IRI President and CEO Cathy Weatherford after Andrew Puzder, the CEO of CKE Restaurants, was announced yesterday as President-elect Donald Trump’s nominee for Secretary of Labor.
IRI announced that IRI President and CEO Cathy Weatherford has been honored by InvestmentNews as one of its “Women to Watch” for 2016. The InvestmentNews award honors females in the industry who exemplify the definition of true leaders and role models.
IRI President and CEO Cathy Weatherford applauded yesterday’s introduction of the Retirement Enhancement and Savings Act in the Senate. The bill would expand MEPs and increase access to lifetime income strategies.
IRI honored Rep. Phil Roe, Rep. John Larson and Mark Iwry, a senior Treasury official, as 2016 recipients of IRI’s Champion of Retirement Security Awards. The awards recognize leaders who support and advance policies that enhance retirement security.
CMS announced increased premiums and deductibles for Medicare Part B beneficiaries in 2017. IRI President and CEO Cathy Weatherford said the increases illustrate how rising health care costs will erode Americans’ retirement income.
IRI issued a statement reflecting on the national election and urging policymakers to support bipartisan solutions to enhance retirement security in the United States. IRI put forth a revised version of its 2016 retirement security policy agenda.
IRI will host a luncheon to honor the 2016 recipients of IRI’s Champion of Retirement Security awards. Following the awards presentation, IRI will convene a panel discussion on efforts to enhance retirement security in the United States.
IRI President and CEO Cathy Weatherford issued a statement after it was announced that Social Security recipients would receive only a 0.3 percent COLA in 2017. For the seventh time in eight years the COLA was less than 2 percent.