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The article discusses issued that confront civil service retirees who retire on nondisability retirement procedure. It mentions the date on which the annuity commences and the gross annuity monthly rate of one's annuity benefits. It cites the computation of one's annuity payment and its basis as it represents part of the employee's contributions to the retirement plan.

The article focuses on the revenue procedure for pension and annuity income of the Internal Revenue Service (IRS) in the U.S. Topics discussed include remedial amendment for issuing opinion and advisory letters, contributions of annuity contract for an employee, issuance of guidance procedure under the Department of the Treasury and the IRS.

The article discusses the changes in the classic portfolios of annuity firms, which compare the capital intensive U.S. stocks against the U.S. bonds. It details the financial performances of the standard 60/40 portfolio for major asset classes. It notes that offshore large capital stocks would depend on the investors' goal.

The article discusses the changes in strategies of annuity firms in their approach with financial planners. The annuity firms are hoping the new approach will appeal to investment advisors based on sales calls, fiduciary regulation, and litigation. Financial executive Chad Tope hopes that tailored services and technology would have better benefits than the traditional approach.

The article focuses on the concerns over Chancellor George Osborne's pension reforms in Great Britain in 2014. It notes that the reform include the opportunity of members of defined contribution pension schemes will be free to spend their annuity savings as they wish. However, more dispassionate obeservers have expressed doubts, particularly about the longer-term impact on the public spur.

An introduction is presented in which the editor discusses various reports within the issue on topics including federal income tax rules, taxation for annuity benefits and thrift savings plan.

The article reports on the expansion of the definition of pension and annuity income as to its coverage and includes federal firefighters, air traffic controllers and members of the U.S. Capitol Police.

An interview with Roberta Rafaloff, vice president of financial service firm MetLife, is presented. Topics discussed include reluctance of defined contribution plan sponsors to provide participants an annuity distribution option out of fiduciary liability considerations, accepting recommendation by Department of Labor, and need of understanding how savings translate into income during retirement.

The article discusses the benefits of the hybrid annuity model for public-private partnership which is hoped to provide impetus for the next wave of investments on road projects.

The article provides insights for treasurers in maintaining cash flows and analyzing the impact of borrowing on the company's profit and loss. It discusses paying off interest and principal through equated installments for each period which assures full repayment of loan amount. Extract on calculations related to payment of annual installment from the "Corporate Finance and Funding (CFF)" of the April 2014, is presented.

Voya Financial has added a new fixed index annuity product to its suite of retirement income solutions. [ABSTRACT FROM AUTHOR]

The article discusses the findings of the study "Data Driven Insurance: Harness Disruption and Lead the Way" which suggests that life and annuity carriers are discouraged by the quality of their data.

The article discusses the things to be considered in reducing the consequences of stock market volatility for a secure retirement. Among the things include the addition of Fixed Indexed Annuity, creating retirement plan based on retirement needs, and monitoring and adjusting retirement plan for market conditions.

The Indiana Public Retirement System (INPRS) has hired Voya as the new recordkeeper of its $5.3 billion annuity savings account program, a hybrid 401(a) retirement savings plan. [ABSTRACT FROM AUTHOR]

The U.S. Department of the Treasury has created a new ban on employees offering pension plan participants the option to take out their pensions in a lump sum, Business Insurance reported. [ABSTRACT FROM AUTHOR]

The article reports on the search of employers for solutions to meet employees' financial needs including the increasingly popular use of annuity products as the aging baby boomer generation continues its mass exit from the workforce in the form of retirement.

The article reflects on factors that impact the growth and expansion of distribution channels including the application of disciplined approach by money managers in distribution channels and the availability of asset management products through mutual funds, variable annuity trusts and ETFs (exchange traded funds), as of March 2014. It offers suggestions for success in distribution channels which include building a targeted strategy, identifying firm's differentiators and building awareness.

The article informs that CNA, a subsidiary of Loews Corp., will sell its life and group insurance business to a subsidiary of life insurance company Wilton Re for about 615 million dollar. It mentions that this deal is a part of business strategy to create a more focused Property & Casualty insurance business capable of delivering consistent performance. It informs that Wilton Re will acquire 2.5 billion dollar of in-force structured settlement and group annuity statutory reserves.

The article discusses the issuing of manager of managers by the Chicago laborers and retirement board employees for annuity and benefit fund (LABF) in Illinois for transition management. Topics discussed include proposal acceptance by LABF board of trustees, efficient portfolio restructuring for market exposure and provisions of investment services and contractual needs by LABF.

The article presents a case study of business succession planning that was implemented by mold maker Bomatic Inc. owned by Kjeld Hestehave. Kevin La Mont of RB Capital Management LLC cites available trusts that could be used to reduce and eliminate estate taxes of the Hestehave family and the possibility of a forced liquidation of assets. It says a combination of a Private Annuity and a Grantor Retained Annuity Trust was chosen by the family for the building and the business, respectively.

The article presents updates on retirement planning and qualified longevity annuity contracts (QLAC) in the U.S. as of July 2015. Topics discussed include the reception of QLAC within traditional individual retirement accounts (IRA), plans of lawmakers to address loopholes in laws and government regulations regarding retirement, and the interest of millennials in investing in annuity products according to the Indexed Annuity Leadership Council.

The article presents tips on purchasing a qualified longevity annuity contract. Topics covered include the preference of retirement investors for having a single-life or joint-life payout whenever they make investments. Also mentioned is the importance of the investments to their tax savings, income as well as total assets.

The article discusses the implementation of Qualified Longevity Annuity Contract (QLAC) rules from the U.S. Department of the Treasury for the income annuity of the employees. It states that the rules allow employees to convert a portion of their Insurance Regulatory Authority (IRA) or 401k retirement funds into a qualifying deferred income annuity. It notes that the rules allow a return of premium option to insure oneself against exhausting ordinary retirement savings.

The article offers information on the Preneed Imminent Annuity, a funeral annuity trusts for funeral home partners and clients from Forethought Life Insurance Co.

The article informs that Sun Life Financial Inc. has completed the sale of its domestic U.S. annuity business and certain life insurance businesses to Delaware Life Holdings LLC. Dean Connor, president and chief executive officer (CEO), says that the completion of this transformational transaction significantly reduces Sun Life Financial's risk profile and earnings volatility.