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Retirement Income Journal - The information forum of the decumulation industry.
June 30, 2022 Issue
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June 30, 2022

Banks

Goldman Sachs acquires NextCapital

By Editorial Staff Wed, Mar 30, 2022

NextCapital, based in Chicago, is an open-architecture digital retirement advice provider that partners with US financial institutions. Terms of the acquisition were not disclosed.

Published March 31, 2022

How RIAs Create Retirement Income

By Editorial Staff Thu, Oct 1, 2020

Published October 1, 2020

40% of life insurers’ bank loans below investment grade: AM Best

By Editorial Staff Thu, Sep 12, 2019

'The benefit of floating interest rates on bank loans, which somewhat protects insurers from rapidly rising interest rates, is further diminished in a continued low interest rate environment,' the...

Published September 12, 2019

It’s No Joke: The Fed’s Comic Book is Wrong

By Kerry Pechter Thu, May 2, 2019

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce...

Published May 2, 2019

Money Myths, Legal Realities

By Kerry Pechter Thu, Jan 3, 2019

At a conference at Harvard Law School called "Money as a Democratic Medium," law professors debated the origins, purposes, and rightful ownership of money in the modern era. (Photo:...

Published January 3, 2019

Income annuity tied to debit card with cash rewards is launched

By Editorial Staff Thu, Nov 1, 2018

You pay Guggenheim Life about $60,000 today, and it puts $1,000 on your debit card every month for the next five years. You average 7% cash-back on purchases with...

Published November 1, 2018

Guess What: America Is Rich

By Kerry Pechter Fri, Oct 5, 2018

Warning: Ingestion of the contents of this column may cause symptoms of apoplexy and dyspepsia among disciples of classical macroeconomics, neo-liberalism, or 'deficit hawks' in the US Congress. ...

Published October 5, 2018

Bank annuity income up 2.3% in 2016: MWA

By Editorial Staff Wed, Apr 5, 2017

It was a feast-or-famine kind of year. While bank annuity fee income reached a record level in third quarter 2016, the other three quarters of the year were among...

Published April 6, 2017

Consumer coalition rallies against Wells Fargo Bank

By Editorial Staff Thu, Mar 2, 2017

'We call on Wells Fargo to do the right thing, and to immediately cease using forced arbitration clauses in its consumer and employment contracts,' said a letter to the...

Published March 2, 2017

Fifth Third Bank acquires The Retirement Corporation of America

By Editorial Staff Mon, Jan 23, 2017

The Retirement Corporation of America provides 'education platforms, lifestyle focused events and investment programs designed to help maximize post-retirement income.'

Published January 26, 2017

Bank customers welcome “robo” solutions: Accenture

By Editorial Staff Thu, Jun 30, 2016

Of those who switched banks last year, 15% of consumers ages 55+ joined an online-only bank, up from only five percent who did the same a year ago.

Published June 30, 2016

Bank of Montreal introduces Smart Folio, a robo-advice solution

By Editorial Staff Thu, Jan 28, 2016

Disruption of the financial advice market is occurring in Canada too, with the same drivers: technology, demographics and regulation.

Published January 28, 2016

Bank annuity sales dip 2.5% in first three-quarters of 2015

By Editorial Staff Thu, Jan 21, 2016

Over two-thirds (68.4%) of BHCs with over $10 billion in assets earned third quarter year-to-date annuity commissions of $2.49 billion, constituting 94.8% of total annuity commissions reported.

Published January 21, 2016

Bank annuity fee income dips 4.1% in first half of 2015

By Editorial Staff Wed, Oct 14, 2015

Wells Fargo & Company (CA), Morgan Stanley (NY), and Raymond James Financial, Inc. (FL) led all bank holding companies in annuity commission income in first half 2015.

Published October 15, 2015

Giant banks are “systemically-important” for different reasons

By Editorial Staff Thu, Feb 19, 2015

Over-the-counter derivatives positions, which contribute to the complexity of the financial system and helped trigger the financial crisis of 2007-2008, were particularly high at Morgan Stanley and Goldman Sachs....

Published February 19, 2015

Banks Earn Record First-Half Annuity Income

By Editorial Staff Thu, Nov 6, 2014

Second-quarter 2014 annuity commissions reached $916.8 million, the second-highest quarterly mark on record, according to the Michael White Bank Annuity Fee Income Report.

Published November 6, 2014

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RIJ Publishing, 4340 Knollwood Dr., Emmaus, PA 18049, 610-965-3103

Retirement Income Journal is a weekly, digital-only business-to-business news publication and website for life insurers, asset managers, financial advisors, academics, attorneys, regulators and technology firms worldwide whose products and services help Baby Boomers convert their savings to lifetime income. Established in 2009 and produced by "Annuities for Dummies" author Kerry Pechter, it reaches 7,000 online readers 48 times a year.

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