Thu, Sep 16, 2010
“The fiduciary issue is so daunting that it ends the conversation. Sponsors ask, ‘We’re guaranteeing payments for 30 or 35 years?’ It stops the conversation. It’s a wall.” David Wray, director of the Profit-Sharing/401(k) Council of America, a trade group for plan sponsors.
Tue, Sep 14, 2010
Bank variable annuity revenue was 16% higher during the first half of 2010 than during the first half of 2009, according to Kehrer-LIMRA
Tue, Sep 14, 2010
For the third consecutive quarter, GLBs were elected 87% of the time when any GLB is available for purchase. The guaranteed lifetime withdrawal benefit (GLWB) election rate remained at 64%.
Tue, Sep 14, 2010
New retirees and people who are three to five years from retirement bear the emotional brunt of the financial crisis, according to Ameriprise Financial's New Retirement Mindscape II survey.
Tue, Sep 14, 2010
With the expansion, Vanguard offers 55 ETFs, including eight new equity funds as well as ETFs targeting the growth and value segments of the S&P 500 Index and multiple segments of the S&P MidCap 400 and SmallCap 600 Indexes.
Tue, Sep 14, 2010
“This fall promises to be interesting,” said Los Angeles ERISA attorney Fred Reish.
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Retirement Income Journal is an online magazine dedicated to writing for and about the industry that has coalesced around the challenge of helping Americans turn their savings into secure lifetime incomes. This industry includes members of the insurance, asset management, banking, pension, structured products, reverse mortgage, information technology, financial planning and academic communities and the professional organizations that serve them.
Send editorial queries to kerry.pechter@retirementincomejournal.com.
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