Filed Under:Annuities, Variable

ING U.S. hires Bedard to lead fixed annuities business

Photo credit: Thinkstock
Photo credit: Thinkstock

ING U.S., Windsor, Conn., has hired David Bedard as president of its Annuities business segment. Part of ING U.S.’s Retirement Solutions business, the segment focuses on sales of fixed annuities.

In his new role, Bedard is responsible for product, financial management and the operating performance of the fixed annuity business.  He will also serve as a member of ING’s Retirement Solutions executive team, collaborating on overall business strategy and direction.

Nationwide Financial, Columbus, Ohio, has announced an increase in joint payout rates for The Nationwide Lifetime Income Rider (Nationwide on its Nationwide Destinationsm Series 2.0 variable annuities.

Lifetime payout rates for Nationwide with joint option will increase by 0.25 percent for most age bands, meaning payouts for someone starting income at age 65 will be 4.75 percent instead of 4.5 percent, the company states.

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Nichole Morford

Nichole Morford
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