Guess What: America Is Rich
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. ...
Research
Transparency, low-cost will guarantee a market for clean-shares: Cerulli
Despite the death of the DoL Conflict of Interest Rule and lack of clarity around the inclusion of sub-transfer agent (sub-TA) fees, clean-share mutual funds will likely have a...
People who think annuities are ‘fair’ are more likely to buy one
People who worry about becoming a burden on family and people who are relatively less loss-averse are also more open to the idea of buying annuities, a study by...
CFP quarterly debuts with article on managing longevity risk
"The Financial Planning Review will publish research that builds the financial planning body of knowledge," said Marilyn Mohrman-Gillis, executive director, CFP Board Center for Financial Planning.
Public Reactions to SEC ‘Best Interest’ Proposal
A survey sponsored by AARP, the Consumer Federation of America, and the Financial Planning Coalition shows that most people are at best confused by the language of the SEC's...
Good Policy Will Keep the Economy Humming
'We believe that potential growth will pick up from 1.8% in the 2000’s to 2.8% by the end of this decade. There is no reason that today’s surge in...
Americans have $100 trillion in wealth and $15.7 trillion in debt
Credit card balances represented about 6.6% of disposable income in the first quarter, down from almost 9% a decade ago.
The Journal of Retirement’s spring issue
The issue contains articles by retirement gurus David Blanchett, Alicia Munnell, and John Turner, plus a review by Sandy Mackenzie of Jack Bogle's latest book.
Total annuity sales to improve through 2019: LIMRA SRI
With interest rates expected to rise over the next two years, LIMRA SRI forecasts sales of fixed rate deferred annuities to increase by 15-20% in 2018 and by 20-25%...
Variable annuity deferral bonuses are working: Ruark
GLWB withdrawal frequencies have increased consistently at normal retirement age and above, with over half of withdrawals now at or near the maximum benefit amount, according to a study...
Annuity wholesalers should be consultants for advisors: Global Atlantic
Many advisors prefer 'a multi-product annuity platform' that allows for 'customizable retirement planning,' the survey by the multi-product annuity provider showed.
Working 9-to-?
'Each one percentage point increase in Social Security's Delayed Retirement Credit is associated with a roughly one percentage point increase in the employment rate of men ages 65 to...
Unequal plan coverage persists, report shows
'In 2016, the participation rate was just 47.3% of family heads with annual family income of $10,000 – $24,999, compared with 89.9% for those with annual...
Undersaved? Work a little longer
A 66-year-old worker who works one year longer and claims Social Security one year later could see a 7.75% rise in his inflation-adjusted retirement income, according to new research....
The link between 401(k) litigation and in-plan annuities
Fear of litigation has made 401(k) plan sponsors leery of innovation, including the adoption of annuities as investment options, these authors suggest.
Fund flows bounce back in March: Morningstar
The Morningstar Categories with the highest inflows in March were foreign large-blend, ultra-short bond, and intermediate bond funds, respectively.
Broker-dealers will need scale or specialization: Cerulli
'As advisors have adopted passive strategies, ETF structures, and institutional share classes, revenue-sharing to B/Ds has decreased,' a Cerulli analyst writes.
Insurers should be wary of sharp rate hike: A.M. Best
Disintermediation risk, increases in hedging costs and capital strain due to reversal of unrealized gains could strain insurers, the rating agency warned.
LIMRA Ponders the Annuity Puzzle
'We can stick with business as usual, or we can work with regulators to remove some of the hurdles to selling annuities,' said Ernst & Young's Doug French at...
People with pensions conserve their savings: EBRI
'Instead of spending down, a large number of retirees are continuing to accumulate assets throughout retirement,' writes Sudipto Banerjee of T. Rowe Price, who prepared the report on decumulation...
