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Cover Stories

Actuaries Without Borders... Why Not?

by Kerry Pechter

Actuaries Without Borders... Why Not?

Tue, Aug 30, 2011

Experts from Aegon Global Pensions, De Nederlandsche Bank and other Dutch pension and financial consulting firms are helping the Amsterdam-based P&D Network plant the seeds for "micropension" programs in the developing world. The final part of a two-part series.

Micro-Pensions in Central America

by Kerry Pechter

Micro-Pensions in Central America

Tue, Aug 23, 2011

You've heard of micro-credit: those mini-loans to female entrepreneurs in emerging markets. Now a micro-pension movement is underway, and one of the first pilot projects starts next month in Guatemala, Honduras and Nicaragua. Part I of a two-part article.

A Reference Work Built for You

by Kerry Pechter

A Reference Work Built for You

Fri, Aug 12, 2011

The Society of Actuaries' recent book (available here in pdf form) puts the reader at the center of a web of hundreds of articles, research studies, other resources relevant to the risks and opportunities of Boomer retirement.

Breakthroughs in Behavioral Finance

by Kerry Pechter

Breakthroughs in Behavioral Finance

Mon, Aug 08, 2011

As an advisor, you can actually put clients in an annuity 'frame of mind.' These and other findings from behavioral finance research were presented at the 2011 Boulder Summer Conference on Consumer Financial Decision-Making last June.

Columns : Guest Column

Bernanke Speaks. But What Did He Say?

Bernanke Speaks. But What Did He Say?

by Justin Wolfers

Justin Wolfers teaches business and public policy at The Wharton School at the University of Pennsylvania. He is a visiting fellow at the Brookings Institution.

The Decumulation Beat

The Secret to MetLife's VA Success

The Secret to MetLife's VA Success

MetLife was able to knock off Prudential as the top seller of variable annuities in the second quarter because it de-risked its income benefit in a way that actually improved its marketing story.

News

Sales of income annuities up 30% in 2Q—Beacon Research

Sales of income annuities up 30% in 2Q—Beacon Research

Sun, Aug 28, 2011

“Looking ahead, we believe that indexed and income annuities will continue to do well. The outlook for fixed rate annuities is more uncertain," said Jeremy Alexander, CEO of Beacon Research.

Many health-impaired Britons overpay for life annuities—Towers Watson

Many health-impaired Britons overpay for life annuities—Towers Watson

Sun, Aug 28, 2011

Many people in the U.K. buy straight life annuities from their plan provider instead of using the Open Market Option to find out if they qualify for a higher-paying "enhanced" or "impaired annuity."

Broad markets conducive to active management, says Dutch firm

Sun, Aug 28, 2011

On average, active managers will underperform a portfolio of investable index funds. But 20-40% of managers show persistent outperformance, says Dutch asset manager Robeco.

Czech politicians split over private pension accounts

Tue, Aug 30, 2011

"The current opposition is strongly against the fact that part of the contributions to the pay-as-you-go system will be transferred to the private system,” said Jiri Rusnok, director of pensions at ING Pnezijni Fond.

Repealing ‘Obamacare’ Would Bring Back ‘Donut Hole’—EBRI

Tue, Aug 30, 2011

“Medicare beneficiaries with high outpatient drug use would be most affected by repeal and would need to save an additional roughly 30‒40 percent to make up the shortfall,” said EBRI’s Paul Fronstin, lead author of the report.