Breaking News
Biden DOL gives green light to green funds in retirement plans; Morningstar announces a ESG Pooled Employer Plan; After 45 years, two of the initials in the acronym ‘KKR’...
Honorable Mention
Honorable Mention
American Equity partners with BlackRock and Conning on its AEL 2.0 strategy; Go big (in alternative assets) or go home, KKR CIO tells insurance CIOs; Allianz Investment Management launches...
Honorable Mention
Riskalyze to feature Allianz Life annuities; Great American annuities now on the Halo platform;
Honorable Mention
Lincoln Financial to gain $1.2 billion in capital from reinsurance deal; Joanna Rotenberg to run Fidelity’s $4.1 trillion Personal Investing division; Guggenheim Life and Annuity “under review” by ratings...
Honorable Mention
Michelle Richter to lead the Institutional Retirement Income Council; AIG to distribute annuities through SIMON; Morgan Stanley and Empower partner on workplace benefits; Jackson National completes ‘demerger’ from UK...
Honorable Mention
Jackson National enhances retirement income gap calculator; Ubiquity introduces 401(k) for ‘solopreneurs’; 'Income Lab' adds $1.7 million in seed financing; Many women prefer goal-based investing: Cerulli and Schwab; FIG...
Honorable Mention
Button succeeds Morris as Pacific Life CEO; Net income up, total income down for life/annuity industry in 1H2021; Athene Holding acquires £3 billion UK mortgage loan originator.
Honorable Mention
Two senior promotions at AIG Life & Retirement; Allianz Life annuity to be offered in Morningstar 401(k) managed account; Multiemployer plan funding reaches highest level since 2007: Milliman.
Honorable Mention
Ruark reports on VA/living benefit policyholder behavior; DPL and SS&C partner on new distribution platform; SIMON Markets doubles revenue, raises $100 million; Principal completes integration of Wells Fargo’s retirement...
Honorable Mention
White House nominates Lisa Gomez to lead EBSA section of the DOL; Blackstone to manage almost $100 billion for AIG by 2027; DOJ nixes Aon-WTW mega-merger; American Equity issues...
Honorable Mention
Prudential sells its retirement plan business to Empower; A Monster First Half for Fund Flows: Morningstar; Bull market in stocks helps public pensions: Milliman.
Honorable Mention
Principal's new pooled employer plan Is growing quickly; 'Personal Retirement Strategy' will support Bank of America plan participants; Allianz Life survey reveals hot-button personal finance issues; Tom Smith will...
Honorable Mention
Prudential ‘FlexGuard’ RILA adds income feature; Americans seek more ‘holistic’ view of their finances: Franklin Templeton poll; Riskalyze and RightCapital report ‘seamless integration’; Voya certified in ESG by...
Honorable Mention
Nationwide annuities join SIMON’s shelf ; 2021 starts better for life/annuity industry than 2020 did: AM Best; “Extended care” requires as much planning as “long-term care”: Thrivent; Modern Woodmen in...
Honorable Mention
Annuity sales will rebound in 2021: Secure Retirement Institute; ‘Income-oriented’ models are a growth category: Cerulli; Equitable and Venerable close transaction.
Honorable Mention
Strength helps insurers withstand volatility: AM Best; T. Rowe Price announces fund fee reductions and a new TDF series; $13 million settlement in high-fee suit against Columbia's 403(b) plan;...
Honorable Mention
Under proposed bill, non-profits could join PEPs; NY ruling on Reg 187 could help life sales: AM Best; Jason Fichtner named chief economist at Bipartisan Policy Center; John Thiel...
Fidelity’s average 401(k) balance: $123,900
The average 401(k) employer contribution rate was 4.6%, and the average contribution was $1,720. Among 403(b) accounts, the average employer contribution was 4.1% and the average amount was $3,000.
Honorable Mention
SPCG, a new consulting group, focuses on structured products; MassMutual and Arconic Corp in $1 billion pension risk transfer deal; ‘Jackson Financial’ appoints new directors; Allianz adds 'auto lock'...
Honorable Mention
MassMutual inks $200m deal with venture fund; Chip Castille’s fintech startup gets $2.75m infusion; Silvur has a financial wellness app; New York Life to aid low-income communities.
