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Company/Trade Group News

From Genworth, a Less Painful Way to Buy LTC Insurance

by Editorial Staff

Wed, Mar 31, 2010

With this product and others like it, the cost of LTCI is greatly reduced because the fixed annuity assets serve as a very large deductible.

New Organization Seeks 401(k) Reform and Much More

by Editorial Staff

Wed, Mar 31, 2010

“So far we've been raising awareness of the crisis in retirement income,” said Nancy Hwa, a spokesperson for Retirement USA.

‘What Do You Want 2Retire?’

by Editorial Staff

Wed, Mar 31, 2010

Merrill Lynch's billboard urges Times Square visitors to send text messages naming the thing they'd most like to “retire.”

ING Offers a Simpler, Cheaper Variable Annuity

ING Offers a Simpler, Cheaper Variable Annuity

by Kerry Pechter

Wed, Mar 31, 2010

The contract costs 2.25% a year, including 100 bps for the income rider, 75 bps for the M&E risk fee, and 50 bps for fund management, says Bill Lowe, president of ING Financial Solutions.

Eating the Competition’s Lunch

Eating the Competition’s Lunch

by Kerry Pechter

Tue, Mar 30, 2010

MetLife’s Retirewise program offers hundreds of brown-bag seminars, like the one depicted in this ad, for 401(k) participants at firms where MetLife isn’t the provider.

Spock-o-nomics at the RIIA Meeting

Spock-o-nomics at the RIIA Meeting

by Kerry Pechter

Wed, Mar 24, 2010

At the spring meeting of the Retirement Income Industry Association, held at Morningstar Inc. in Chicago, concepts like "stocks for the long run" and "safe withdrawal rate" were out of favor.

The Empire Strikes Back

The Empire Strikes Back

by Kerry Pechter

Wed, Mar 17, 2010

Lest they be drowned out by 401(k) critics, major DC plan providers have formed a new trade group, the DCIIA, chaired by PIMCO's Stacy Schaus. The group supports target-date collective trusts, deemed IRAs and lifetime income options.