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Cover Stories

'Boom Time' for Variable Annuities?

by Kerry Pechter

'Boom Time' for Variable Annuities?

Thu, Oct 06, 2011

Guest speakers Fareed Zakaria (pictured) urged more fiscal stimulus for the economy while Andrew Friedman warned of looming tax hikes at the Insured Retirement Institute's conference in Boston. "Boom Time" was the conference theme this year.

Introducing the Virtual RIA

by Kerry Pechter

Introducing the Virtual RIA

Tue, Sep 27, 2011

Internet start-up Personal Capital is out to prove that mutual funds and face-to-face financial advice are obsolete. (At center, CEO Bill Harris, with Jim Del Favero, VP, product management (seated) and Ehsan Lavassani, engineering director.

Political Football

by Kerry Pechter

Political Football

Tue, Sep 20, 2011

The Dept. of Labor's bid to strengthen the fiduciary standard for advisers to retirement plans and IRAs became a political football. Now the DoL has agreed to revise and "re-propose" its proposal. Was the football fumbled... or stripped?

Fishing for Trout, and for the Perfect Retirement

by Kerry Pechter

Fishing for Trout, and for the Perfect Retirement

Tue, Sep 13, 2011

While vacationing in the upper Rio Grande Valley this summer, I caught two good-sized trout and a glimpse of my fantasy retirement. (Photo of the author by Lisa Higgins).

News

Courts favor fiduciaries in suit over “imprudent” plan investments

Wed, Oct 05, 2011

Plan sponsors and fiduciaries have won another case at the U.S. Court of Appeals for the 7th Circuit—the third this year.

U.S. pension deficit largest since WWII—Mercer

Wed, Oct 05, 2011

“The end of September marks the largest deficit since we have been tracking this information,” said Jonathan Barry, a partner in Mercer’s Retirement Risk and Finance business.

State employees prefer DB to DC, NIRS/Milliman study shows

Wed, Oct 05, 2011

The study analyzed seven state retirement systems that offer a choice between DB and DC plans to find that the DB uptake rate ranged from 98% to 75%, with the balance choosing the DC plan.

Putnam launches “Dynamic Risk Allocation” fund

Wed, Oct 05, 2011

In addition to global equities and global fixed-income securities, the fund may invest in commodities and real estate investment trusts, and use leverage.

The Bucket

Thu, Oct 06, 2011

Brief or late-breaking items from Allianz Life, Lincoln Benefit Life, LPL Financial, Russell Investments, Cannex, Windham Capital Management, Fidelity Investments and The Principal.