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Cover Stories

Putnam, A Work in Progress

by Kerry Pechter

Putnam, A Work in Progress

Wed, Jun 29, 2011

With the announcement of a retirement research center, Putnam Investments joins the "thought-leadership" game. It's all part of CEO Bob Reynolds' campaign to rebuild a tarnished brand--and to change the way America saves.

What's Your Competition Doing? E&Y Knows

by Stan Luxenberg

What's Your Competition Doing? E&Y Knows

Mon, Jun 20, 2011

Launched five years ago, Ernst & Young's Retirement Income Knowledge Bank has become a useful map of the competitive landscape for insurers and broker-dealers.

At SPARK conference, a Plug for In-Plan Annuities

by Kerry Pechter

At SPARK conference, a Plug for In-Plan Annuities

Wed, Jun 15, 2011

In touting his firm's LifePath TDF-based deferred income option, Chip Castille of BlackRock emphasized that insurers should position in-plan annuities as retirement income enhancers rather than longevity risk mitigators. (I.e., appeal to greed, not fear.)

At Your Service: Courting the Affluent Tennis Fan

by Kerry Pechter

At Your Service: Courting the Affluent Tennis Fan

Tue, Jun 07, 2011

Prudential Financial, Raymond James, ING, Fidelity Investments and E*Trade all advertised during the French Open final between Rafael Nadal (above) and Roger Federer on NBC TV last Sunday--all vying for the "elite demographic" that follows tennis.

The Decumulation Beat

Things Heard and Overheard

Things Heard and Overheard

Here's a follow-up on our earlier report on the recent SPARK conference, with more news and comment about DoL enforcement strategy, the threat to the tax deferral for savings, and what might happen when participants see how much their plans cost.

News

SEC "starved of resources": New Yorker

Wed, Jun 29, 2011

"The market has become more of an exclusive gambling club for the very rich than a level playing field open to the ordinary investor," wrote journalist George Packer.

Mind the [Retirement] Gap

Mind the [Retirement] Gap

Wed, Jun 29, 2011

Of those who expect to need 75%-100% of their pre-retirement salary in retirement, less than a third had enough savings to generate this income, according to J. P. Morgan's .

DALBAR announces fiduciary designation for 401(k) advisors

Wed, Jun 29, 2011

The 401(k) RFTM Designation is awarded to designees who after training and testing prove to be fluent in the language and regulations of ERISA.

“New normal” mindset pervades Boomers: Allianz Life

Wed, Jun 29, 2011

When asked which is more attractive, an investment paying a 4% guaranteed return or one with 8% return subject to market risk and loss of principal, 76% chose the guaranteed product.

Mercer in deal with Financial Engines, HelloWallet and TD Ameritrade

Wed, Jun 29, 2011

The three new services will be added to Mercer's benefits administration platform.