Claim Check
How should you respond if your clients are convinced that they should claim Social Security benefits at age 62? Research presented at the 15th annual meeting of the Retirement...
Fiduciary crusader gets 17 years for theft from retirement plans
The U.S. Attorney's office in Boise, Idaho, issued a press release following Matthew Hutcheson's sentencing. A retirement plan fiduciary and at one time a vocal advocate for better fiduciary...
S&P 500 companies post record level of pension underfunding
Data shows that S&P 500 defined pensions reached an underfunding status of $451.7 billion in fiscal 2012, up $97 billion over the $354.7 billion posted in 2011. Other post-employment...
Social Security behavior modification: What works?
“The share of retirees collecting Social Security at age 62 has fallen 12 percentage points over the past decade,” to about half of women and less than half of...
NEXCOM hires Prudential Retirement as recordkeeper
NEXCOM’s 300 stores and 14,000 employees provides military members, retirees and their families with retail products and services worldwide.
Sammons beefs up the investment options in its rollover IRA funds and annuities
Sammons has added 36 new mutual funds to its LiveWell and LiveWellPlus Mutual Fund IRA Series offerings and eight investment options to its LiveWell Variable Annuity.
Great American Life FIAs now sold by Wells Fargo Advisors
Great American Life is a top five provider of fixed and fixed-indexed annuities in the financial institutions market, according to BISRA 2013 first quarter bank channel annuity data report...
Ghost Metropolis
Detroit, not unlike parts of Baltimore and Philadelphia and many smaller Rustbelt cities, isn’t so much a failed city as an abandoned one.
The Best & Worst TDF Performers
From an absolute performance standpoint, T. Rowe, TIAA-CREF, Principal, Great West and John Hancock led the 2012 charge. T. Rowe Price, TIAA-CREF and Principal were also among the top...
SunGard names key trends in retirement plan services
"Larger retirement plan providers will look globally to achieve growth in new markets such as Latin America, Asia and the Middle East," the technology giant predicts.
Two senior SEC attorneys join Kirkland & Ellis
Robert Khuzami was Enforcement Director at the Securities and Exchange Commission and Kenneth Lench was chief of the Structured and New Products Unit.
Prudential’s challenge to SIFI status heard
Prudential announced July 2, the deadline, that it would challenge its designation as a SIFI and seek a hearing. That same day, American International Group and GE Capital announced...
UK ponders ‘Defined Ambition,’ a path from DB to DC
A centrally-managed pool of defined benefit funds would aim for a target participant benefit of 1/80th of salary per year of service, based on a combined employer/employee contribution of...
Law Professor Goes Postal
Yale law professor Ian Ayres sent a provocative letter to thousands of plan sponsors. But his research is more temperate than his mail.
SPIAs Are Slow to Pay Off: Kitces and Pfau
New research from Michael Kitces and Wade Pfau suggests that many people—especially if they don’t live longer than average—would be better off starting out with half their money in...
The Pros Don’t Gamble; They Leverage
“Individuals with low IQ scores hold higher-beta portfolios than individuals with high IQ scores,” says a footnote in a new research paper by two academics associated with AQR Capital...
Succession planning a challenge for advisors
Independent broker dealers, independent advisors/planners, and career agents all hold similar views toward and preparation for succession, a new survey shows. Advisors' hesitation in planning may come in part...
Summit Business Media launches ThinkAdvisor.com
ThinkAdvisor.com is an enhancement of three-year-old AdvisorOne.com, Summit's online hub for financial advisors.
As S&P 500 rises, so do U.S. equity inflows: TrimTabs
“The strong enthusiasm for equities should give contrarians pause,” said David Santschi, TrimTabs' CEO. “Four of the ten largest inflows into U.S. equity funds occurred at the peak...
