Western & Southern Financial Group

Lost in Transition: Many Unsure About Managing Retirement Income

Retrieved on:

Tuesday, October 17, 2023

Investment, Male, Retirement, Social, Social Security, Optimism, Female, Western & Southern Financial Group, McGruder, Research, Financial adviser, Pension fund, Life insurance, Insurance

CINCINNATI, Oct. 17, 2023 /PRNewswire/ -- Many current and future retirees doubt their ability to manage their investments throughout retirement. That's the finding of a new survey report on retirement income attitudes conducted by Western & Southern Financial Group (Western & Southern) in collaboration with LIMRA, a worldwide research, consulting and professional development organization serving the financial services industry.

Key Points:

Income Outcomes: A Retirement Planning Confidence Study found nearly half (47%) of retirees and pre-retirees either only slightly (30.5%) or not at all (16.7%) confident they can manage their own investments throughout retirement.
Regarding the top concerns in retirement, retiree and pre-retiree survey respondents cited the same top four but ranked them differently.
As for addressing income needs, McGruder added, "while fully eight in 10 of those surveyed believe income planning is necessary for retirement, only two-thirds agree that annuities can provide a protected lifetime income.
Pre-retirees are significantly less knowledgeable than retirees (47% vs. 41%) in their understanding of what retirement income planning entails.

Nassau Financial Group Completes Acquisition of Delaware Life Insurance Company of New York

Retrieved on:

Monday, July 3, 2023

Professional Services, Insurance, Finance, Multimedia, Western & Southern Financial Group, Sidley Austin, Sale, Acquisition, NNY, Willkie Farr & Gallagher, Financial services, Financial adviser

Nassau Financial Group, L.P. (“Nassau”) today announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company.

Key Points:

Nassau Financial Group, L.P. (“Nassau”) today announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company.
View the full release here: https://www.businesswire.com/news/home/20230703051837/en/
NNY and DLNY are New York-domiciled life insurance companies, and Nassau plans to merge DLNY into NNY.
We look forward to welcoming the DLNY policyholders to Nassau.”
"We have worked closely with Nassau Financial Group to ensure a smooth transition for our policyholders,'' said Dan Towriss, CEO and President of Group 1001, the parent company of Delaware Life.
Sidley Austin LLP served as legal advisor to Nassau, and Willkie Farr & Gallagher LLP served as legal advisor to Delaware Life.

NAFA Elects 2023 Board of Directors

Retrieved on:

Friday, January 13, 2023

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WASHINGTON, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The general membership of NAFA, the National Association for Fixed Annuities, approved the slate of candidates presented for its 2023 board of directors at the association's annual meeting held recently in Santa Monica, Calif.

Key Points:

WASHINGTON, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The general membership of NAFA, the National Association for Fixed Annuities, approved the slate of candidates presented for its 2023 board of directors at the association's annual meeting held recently in Santa Monica, Calif.
Nominations were received from the membership at large, and candidates were vetted by the current board before being proposed during the association's 14th annual Annuity Distribution Summit.
NAFA will continue to rely on our three pillars of advocacy, education and integration to underscore the value of these products in helping clients achieve their long-term planning goals," said Chuck DiVencenzo, NAFA president and CEO.
This board is representative of that commitment, and I'm thrilled to see what we can accomplish together."

AM Best Affirms Credit Ratings of Western & Southern Financial Group, Inc. and Its Subsidiaries

Retrieved on:

Friday, January 6, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the life insurance subsidiaries of Western & Southern Financial Group, Inc. (WSFG).

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the life insurance subsidiaries of Western & Southern Financial Group, Inc. (WSFG).
In addition, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) on the senior unsecured notes of WSFG.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Reinsurance Group of America Announces Longevity Reinsurance Transaction With Western & Southern

Retrieved on:

Thursday, December 15, 2022

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Cincinnati-based Western & Southern Financial Group (Western & Southern), a diversified family of financial services businesses and one of the strongest life insurance groups in the world.

Key Points:

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced the completion of a longevity reinsurance transaction with Cincinnati-based Western & Southern Financial Group (Western & Southern), a diversified family of financial services businesses and one of the strongest life insurance groups in the world.
We credit our strong relationship with Western & Southern, as well as the dedicated teams from both companies, who collaborated exceptionally well to design, structure, and effectively complete this transaction.
Our relationship with RGA is a valuable part of our overall risk management strategy, making them an ideal partner for this transaction, said Jacob Steuber, Vice President, Actuarial Analysis, Western & Southern.
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc., a Fortune 500 company, is the parent company of a group of diversified financial services businesses .

Nassau Financial Group to Acquire Delaware Life Insurance Company of New York

Retrieved on:

Friday, November 18, 2022

Nassau Financial Group, L.P. (Nassau) today announced that it has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company (Delaware Life).

Key Points:

Nassau Financial Group, L.P. (Nassau) today announced that it has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company (Delaware Life).
As Nassaus fourth insurance acquisition, this transaction marks yet another step in our growth plans to expand our New York insurance business.
Our teams have been working diligently on this acquisition to ensure a smooth transition, said Dan Towriss, CEO & President of Group 1001, the parent company of Delaware Life.
Based in Hartford, Connecticut, Nassau Financial Group is a growth focused and digitally enabled financial services company with three distinct and closely connected businesses: insurance, reinsurance and asset management.

Touchstone Investments Launches Its Fourth Distinctively Active Managed ETF

Retrieved on:

Thursday, August 25, 2022

CINCINNATI, Aug. 25, 2022 /PRNewswire/ -- Touchstone Investments, known for its Distinctively Active® mutual funds, announced the launch of its fourth actively managed exchange traded fund (ETF), the Touchstone Ultra Short Income ETF (TUSI: Cboe BZX). The ETFs mark the natural expansion of Touchstone's Distinctively Active investment philosophy through an ETF structure, providing shareholders with more investment options.

Key Points:

CINCINNATI, Aug. 25, 2022 /PRNewswire/ -- Touchstone Investments , known for its Distinctively Active mutual funds, announced the launch of its fourth actively managed exchange traded fund (ETF), the Touchstone Ultra Short Income ETF (TUSI: Cboe BZX).
Distinctively Active management has long been the hallmark of Touchstone's investment philosophy, so extending its Distinctively Active approach into ETFs is a natural expansion of Touchstone's core competencies.
For more information about these Touchstone ETF offerings, please visit: Touchstone ETFs
Investing involves risk, including the possible loss of principal.
Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc.

Touchstone Investments Launches Four Distinctively Active Managed ETFs

Retrieved on:

Monday, July 25, 2022

CINCINNATI, July 25, 2022 /PRNewswire/ -- Touchstone Investments, known for its Distinctively Active® mutual funds, announced the launch of its first of four new actively managed exchange traded funds (ETFs) trading on the New York Stock Exchange Arca and Cboe BZA. The ETFs mark the natural expansion of Touchstone's Distinctively Active investment philosophy through an ETF structure, providing shareholders with more investment options.

Key Points:

"ETFs have grown in popularity among investors in recent years, so extending our Distinctively Active approach into ETFs is a natural expansion of our core competencies."
The four new Touchstone ETFs will be sub-advised by Fort Washington Investment Advisors, a long-time sub-advisor of the Touchstone Funds.
Touchstone Funds and Touchstone ETFs are advised by Touchstone Advisors, Inc., a registered investment adviser.
Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc.

Micruity Raises $5.1M to Pensionize 401(k) Plans

Retrieved on:

Thursday, February 10, 2022

Technology, Insurance, Human Resources, Finance, Venture Capital, Banking, Professional Services, Software, Small Business, Data Management, FINRA, DC, Pacific Life, Net asset value, Stuttgart Open, Western & Southern Financial Group, CTO, Franklin Templeton Investments, NYSE, Ethisphere Institute, Financial technology, Ecosystem, BEN, LLC, Industry, Tennis, 2013 Western & Southern Open – Women's Singles, MN, IFS, Major League, Program, Adoption, Mitsubishi Research Institute DCS, Goal, Entrepreneurship, National, Institution, Female, Fortune 500, Technology, Digital Transformation Office, Data collection, Gerber Life Insurance Company, Board of directors, Income, Allianz, Science and technology in Asia, Board, Heart, Director, Privacy, Allianz Life, CEO, Retirement, Silicon, Financial adviser, Pension fund, Life insurance, Health insurance, Financial services

The decline of defined benefit pension plans has left a retirement savings gap that will grow to $137 Trillion by 2050, said Trevor Gary, Co-Founder and CEO of Micruity.

Key Points:

The decline of defined benefit pension plans has left a retirement savings gap that will grow to $137 Trillion by 2050, said Trevor Gary, Co-Founder and CEO of Micruity.
401(k) plans were designed as retirement savings plans, but today most Americans rely on these plans as their sole source of retirement income, leaving them vulnerable to market corrections outside their control.
At the same time, 53% of Americans are worried that a market correction will force them to delay their retirement plans.
For the past two years, Micruity has been working closely with industry leaders as part of a paid proof-of-concept program.

INTERalliance Announces TechOlympics 2022: BYTE Back

Retrieved on:

Monday, January 17, 2022

CINCINNATI, Jan. 17, 2022 (GLOBE NEWSWIRE) -- INTERalliance announces TechOlympics 2022: BYTE Back is back!

Key Points:

CINCINNATI, Jan. 17, 2022 (GLOBE NEWSWIRE) -- INTERalliance announces TechOlympics 2022: BYTE Back is back!
TechOlympics 2022: BYTE BACK consists of a two-day conference and a three-day hackathon that offer high schoolers, regardless of experience, the opportunity to explore the technology industry.
TechOlympics includes a wide range of workshops, competitions, speakers, keynotes, and breakouts presented by industry experts and educators.
INTERalliance would like to thank the following sponsors for supporting TechOlympics 2022: BYTE Back:
Gold Sponsors: Xavier University, FIS, Ascendum, Western & Southern Financial Group, and ITA
About INTERalliance of Greater Cincinnati:
The mission of the INTERalliance, a student-run nonprofit, is to inspire and assist young talent to pursue an IT career in Greater Cincinnati.