“By instituting the referral incentive, we are hoping to debunk common myths about retirement plans and help Americans at businesses of all sizes effectively save for their retirement,” the...
Quote of the Week
"The business man is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed...
In Off-Year for Annuities, FIAs and DIAs Shine: LIMRA
Overall, annuity sales were $52.6 billion in the fourth quarter, down 8% from the previous year. For the year, annuity sales dropped 8%, tallying $219.4 billion. Variable annuity sales...
Crime writer wins $50.9 million verdict against advisor
"Notwithstanding eight figure earnings per year during that period, CEI and Cornwell learned that their net worth, while substantial, was the equivalent of only approximately one year’s net...
The New Yorker launches business hub
The work of well-known business feature writers like Malcolm Gladwell, Ken Auletta, John Cassidy and James Surowiecki will be featured on the site.
AIG Life and Retirement gets an A+ from Fitch
AIG reported significantly improved profitability in the first nine months of 2012, with net income of $7.6 billion relative to a modest net loss in the prior year period....
Hyper about hyperinflation? Read this.
Many people look at the massive bond purchases by the Federal Reserve and conclude that America is headed for Weimar-style hyperinflation. But before you resign yourself to using a...
The Unloved Dollar Standard
Can large US fiscal deficits and near-zero interest rates be justified because they help to revive domestic economic growth and job creation? No, writes Ronald McKinnon, professor emeritus of...
Republicans bearish, Democrats bullish: U. of Chicago
Another 'black swan' ahead? Since the November election, Republicans have grown gloomier about the economy. And, while more than half of Americans believe the stock market will plunge in...
Genworth wealth management unit releases practice management book
Written by Matt Matrisian, Genworth Wealth Management’s director of Practice Management, the book “provides independent financial advisors with ‘how-tos’ for improving their businesses,” according to a Genworth release.
Hedge funds lost $14.2 billion in 2012
Unlike the research mentioned above, the January 2013 TrimTabs/BarclayHedge Survey of Hedge Fund Managers found widespread optimism about the U.S. economy and the short-term prospects for stocks in 2013.
Calculate safe withdrawal rate with SunGard tool
A web-based component of SunGard’s WealthStation Financial Planning, MyRetirement “combines probability tools with Monte Carlo analyses to illustrate annual withdrawal rates from multiple model portfolios at different probabilities of...
$300 billion parked with former employers
After leaving a job and a 401(k) plans, most Americans take five years or more to move their retirement savings into a rollover IRA, according to a new survey...
Meir Statman recommends mandatory national DC plan
“It is time to switch from libertarian-paternalistic nudges to fully paternalistic shoves,” writes Meir Statman, a professor of finance at Santa Clara University, in the draft of a new...
In January, U.S. stock funds received highest inflows since 2004
Vanguard topped all fund families in January with overall inflows of $17.6 billion, 87% of which flowed to the firm’s passive lineup.
US mutual fund assets near the $15 trillion mark
“Assuming modest economic expansion this year, it is plausible that annual stock and bond fund flows exceed $500 billion, more than 50% above the previous annual record,” said Avi...
Is NEST a threat to Britain’s private pension providers?
Launched last October, NEST (National Employment Savings Trust) is a government-supported defined contribution for Britain's under-savers. Changes to NEST that would make it more competitive with private plans are...
Russell puts its “adaptive investing” model in new TDF series
According to a Russell release this week, the Adaptive Retirement Accounts, like conventional TDFs, would be a qualified default investment alternative (QDIA) under federal regulations, but would be more...
What’s good for General Motors…
More than one-third (39%) of 230 U.S. DB plan sponsors representing almost five million employees told Aon Hewitt they are “somewhat” or “very likely” to offer lump-sum payouts to...
Poor Standards at S&P, U.S. Alleges
The ratings agency that downgraded the federal government's debt in 2011 now finds itself accused of fraud by that same government's attorney general. The credibility of life insurer strength...