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The Insured Retirement Institute announced first-quarter variable annuity assets reached $1.6 trillion, the highest level ever recorded by Morningstar.

According to the Insured Retirement Institute, sales of new variable annuities increased at a double-digit rate in 2010.

As employers gird for tough times, they must adapt benefits programs to better withstand the downturn.

Since the recession started, one-third of boomers have stopped contributing to 401(k) plans, individual retirement accounts or other retirement arrangements, according to the Insured Retirement Institute (IRI).

A recent survey by the Insured Retirement Institute (IRI) found that more than one-third of pre-retirees do not know the age at which they will retire.

ING has named Orlando R. Cruz as president of its individual retirement investor channel.

A group of prominent financial industry, education, and advocacy organizations have joined together to create the National Retirement Planning Coalition and raise public awareness of the need for retirement planning. Their main event, National Retirement Planning Week, begins April 11.

According to reports from LIMRA and the IRI, sales of indexed annuities and variable annuities were up in 2010.