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Social Security Tax Base Shrinks as Upper Incomes Grow
Wed, Jul 29, 2009
Compensation that isn't subject to the portion of payroll tax that funds old age benefits now represents foregone revenue of $115 billion a year.
News
Goldman Sachs Eyes DC Market
Tue, Jul 28, 2009
“We've been in the retirement business for 20 years managing defined benefit assets, but are now really ramping up our DC effort,” a Goldman executive said.
Nationwide Adds Annuity Option to Morgan Stanley UMAs
Wed, Jul 29, 2009
Morgan Stanley Smith Barney has launched Select Retirement, which adds an optional Nationwide Life Insurance fixed income annuity option to the Select unified management account program.
The Hartford Continues to Shed Jobs
Wed, Jul 29, 2009
“The reductions reflect the need to realign our expenses with the reduced volume of business that we have experienced in our investment products business, particularly variable annuities,” a Hartford Life spokesman said.
Target-Date Funds ‘At a Crossroads,’ Cerulli Says
Wed, Jul 29, 2009
While more than 70% of asset managers say they've just begun to tap the target-date fund opportunity, a small but growing percentage think the phenomenon may have peaked.
