Group Urges Investigation of FINRA
'FINRA failed not just in Lehman, but Bear Stearns and AIG as well, yet has not been the subject of any investigative action,' says the Alliance for Economic Stability.
MassMutual Retirement Services Offers ‘Virtual Site Visit’
Intended to simulate a visit to MassMutual's Springfield, Mass., headquarters, the virtual tour introduces viewers to the firm's retirement plan services.
‘Graphic Illustrations’ of U.S. Spending via Heritage Foundation
The conservative think tank offers 39 charts on 'runaway federal spending' for free downloading.
Hartford CEO Comments on VAs Clarified
"Guaranteed income in our view is the emerging business opportunity in the annuity space," said Liam McGee.
Insurance M&A at Lowest Level Since 2002
But 'we are already seeing that pent-up demand is driving increased M&A activity in most sectors of the insurance market,' said the director of research at Conning Research and...
One Man’s Response to Uncle Sam’s RFI
Joe Bellersen, president of Qualified Annuity Services, Inc., explains how employer plans lost their guaranteed income mojo over the past 30 years, and offers advice on how they might...
How Big Is the Gap in Public Pensions?
Depending on the rate one uses to discount future obligations, state and local government pension plans face a funding shortfall in the wide range from $1 trillion to $3...
P. Kennedy Proposes Savings Accounts for Children
H.R. 4682 would create an account with $500 per year for all children at birth, with a supplement of up to $500 and matching contributions of up to $500...
Americans To Spend Their Mad Money Sanely
More than eight in 10 Americans polled said they would use their tax refunds to pay down debt, save or invest, or spend on everyday necessities.
Czech It Out: Pension Pains are Global
Age-related spending in the Czech Republic will be 23.4% of GDP by 2060, according to European Commission data.
Hartford CEO to VAs: “Never Again”
The insurer won't focus on VAs as much as in the past. It expects total annuity sales of $5 billion in 2012, or less than half its individual annuity...
HSAs No Panacea for Retiree Medical Costs: EBRI
If it's true that retired couples will need $350,000 on average to cover costs not covered by Medicare, Health Savings Accounts won't be large enough to do the job,...
Two Trends in One: CTFs and TDFs
Collective trust funds and target date funds are ‘made for each other,’ one analyst said. But will CTF-TDF hybrids create the same false sense of security among 401(k) participants...
New Public Pension Fund in UK Ponders Investment Strategies
Britain is developing a system of personal investment accounts targeted at low and middle-income workers who may or may not have a workplace savings plan.
‘What Do You Want 2Retire?’
Merrill Lynch's billboard urges Times Square visitors to send text messages naming the thing they'd most like to “retire.”
New Organization Seeks 401(k) Reform and Much More
“So far we've been raising awareness of the crisis in retirement income,” said Nancy Hwa, a spokesperson for Retirement USA.
From Genworth, a Less Painful Way to Buy LTC Insurance
With this product and others like it, the cost of LTCI is greatly reduced because the fixed annuity assets serve as a very large deductible.
Fund Fees Can Devastate 401(k) Savings: Towers Watson
“Most employees are losing a very material amount of their retirement assets due to fee-related erosion,” the consulting firm said.
