Since November 2016, the direction of retirement policy in the U.S. has reversed. Legislators, not bureaucrats, are in the lead. The SEC, not DOL is in charge of ethics. Industry-led initiatives, not consumer initiatives, are gathering support. It's a dramatic shift.
The Treasury Department will transfer the remaining unclaimed IRA assets in the canceled Obama-era workplace savings program from Comerica Bank, the original custodian.
'Aggregate variable annuity mortality has declined 3% since 2015, attributable to a combination of underlying mortality improvement and changes in business mix,' according to Ruark Consulting LLC.
Reddy was previously the senior vice president and head of Full Service Investments for Prudential Retirement where he was responsible for the investments and retirement income businesses.