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Rates Won’t Rise for “Two to Three Years,” Gross Says
Wed, Aug 11, 2010
PIMCO's $239 billion Total Return Fund, which Gross manages, has returned 13% in the past year, beating 71% of its peers, according to Bloomberg.
Industry Views
Found in Translation
Annuity issuers are reaching out to non-English-speaking investors through websites written in Spanish and Asian languages, according to Corporate Insight.
Behavioral Economics and Retirement Investing
PIMCO and its Allianz affiliates recently sponsored a new study, “Behavioral Finance and the Post-Retirement Crisis.” PIMCO Retirement Product Manager Tom Streiff explains how the study’s findings can foster the development of successful retirement income products.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
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News
Boomer Decumulation May Depress Asset Prices
Wed, Aug 11, 2010
The problem is that the demographic group that is selling homes and investments—the postwar BabyBoom generation—will be larger than the group that will be buying the assets.
Retirement Assets Reach $16.5 Trillion 1st Quarter: ICI
Wed, Aug 11, 2010
Assets in target date mutual funds grew 9.8 percent in the first quarter. Lifecycle mutual funds managed $281 billion at the end of the first quarter of 2010, up from $256 billion at year-end 2009.
Long-Term Care ‘Eats’ 3 Sq. Ft. of U.S. Homes Per Day
Wed, Aug 11, 2010
“Five years ago we started translating long term care costs into square feet of real estate, to highlight the heavy burden of paying for care,” said Denise Gott, chairman of LTC Financial Partners LLC.
New York Life Sets Income Annuity Sales Record
Wed, Aug 11, 2010
The nation’s largest mutual life insurer announced a record $870 million worth of income annuity sales in the first half of 2010, along with gains in life insurance, long-term care insurance, mutual fund sales.
