The dollar's share of global currency reserves has declined over the last 10 years as emerging markets rely less on external debt and move from fixed to floating exchange...
What Income Planning Software Do You Use?
Calling all investment advisers and financial planners: RIJ wants to hear from you about the tools you use to help your clients create retirement income.
MetLife Dominates 3Q VA Sales
Another “very bright spot in the third quarter data was the significant increase in net cash flow, to $8.9 billion from $5.7 billion in the second quarter and $6.4...
Rolls-Royce agrees to £3bn longevity swap with Deutsche Bank
The British automaker's defined benefit plan assets stood at £7.8bn ($12.3bn) last December, with a surplus of around £700m ($1.1bn).
Big Danish pension plan switches to DC from DB
The new regime would be one with no investment choices for plan participants to make. "Our members... are blue-collar workers and typically don't want to make investment decisions themselves,"...
Fixed Annuity Sales Running Flat in 2011: Beacon
"It's an interesting environment," said Beacon Research CEO Jeremy Alexander (left). "The word is that some carriers are keeping a lid on business" because of the low rates.
MetLife reorganizes in wake of Alico acquisition
MetLife's three new business regions, each of which will have its own president, are the Americas, EMEA (Europe, the Middle East and Africa), and Asia.
Five tasks that retirement plan advisors now face
What are advisors to small and mid-sized retirement plans doing these days? On a recent "listening tour," Transamerica tried to find out.
High and low earners benefit from 401(k) plans differently
Looking closely at retirement data, researchers discover that the interplay of taxes, Social Security benefits, tax benefits, and take-home pay can be complex--and can vary considerably from worker to...
Signature of the Times
After the report of a $900 million charge in the third quarter, Manulife’s decision to limit distribution of John Hancock annuities can’t have shocked many people.
The Hartford adds enhanced death benefit to Future6 GLWB
The Future6 Death Benefit allows for income withdrawals that do not reduce the death benefit, unlike most VA death benefits, according to Steve Kluever, vice president of product and...
A.M. Best reports on impact of low rates
Although the capital impact has been partially mitigated by substantial capital raising in recent years, additional capital requirements are likely to emerge if low interest rates persist.
AARP launches Social Security benefits calculator
The AARP Social Security Benefits Calculator walks users through a simple, question-and-answer format and provides estimates for both monthly and lifetime benefits across a range of ages.
Despite equity bounce in October, investors flee to bond funds
'After the ups and downs of recent months, investors seem to be suffering from volatility fatigue,' said Ari Nachmany of Strategic Insight.
Security Benefit introduces multi-premium fixed annuity for 403(b) plan participants
Built for the 403(b) market, the Total Interest Annuity can be funded with contributions up to $16,500 annually or with IRA contributions or rollovers.
The kids are not alright… as prospective heirs
The wealthy have mixed feelings about passing money to the next generation and about the link between money and happiness, according to a new Barclays Capital survey.
Our Half-Full, Half-Empty Retirement Glass
The private DC system covers only about half of American workers at any given time. Proposals to open state pension plans to uncovered workers have been made, and...
‘Don’t Trust Your Pension to Someone Younger than You’
In this video, singer-songwriter Cosy Sheridan performs "Higher Financial Reform," a humorous jab at the young quants who seem to keep putting their elders' savings into jeopardy.
Bill to offer state DC plan to non-profit workers passes in Massachusetts
But one observer suggested that extending coverage beyond state employees will be problematic, because of inconsistencies in state and federal pension regulations.
About 54% of full-time adult workers are in a retirement plan: EBRI
"White, more highly educated, higher-income, and married workers are more likely to participate than their counterparts," the EBRI's October 2011 Issue Brief said.