‘Actuary’ Rated Nation’s Best Job
Number-wranglers, you are envied by every lumberjack and roustabout in the land.
Advocacy Group Campaigns for “CPI-Senior”
Anticipated legislation by Rep. John “Jimmy” Duncan, Jr. (R-TN) would direct the Bureau of Labor Statistics (BLS) to determine the “right” CPI-S formula.
401(k) Management Tool Launched by Kring Financial
The 401k ProAdvisor service will provide specific recommendations on what funds and amounts the client should buy or sell each quarter.
Lincoln Financial Completes Sale of Delaware Investments
Delaware Investments will continue to manage Lincoln Financial general account insurance assets under a long-term contract, and provide sub-account advisory services.
Public Pension Shortfall Estimated at $2 Trillion
Public pension funds still assume interest rates of 8% when estimating future returns, one analyst noted.
Bernanke Blames Crisis on Regulatory Failure
The Fed's vice chairman, Donald Kohn, added that the fragile economic recovery would “warrant exceptionally low” interest rates “for an extended period.”
And In Comes 2010
I predict that the next decade will be very much like the last one, only more so. Interest rates are my top-of-mind issue.
The Medical-Industrial Complex
Thirty years ago, Arnold Relman coined the term, "medical-industrial complex." He calls the Senate health care bill "half a loaf," but hopes it passes.
Lawmakers Dilute Fiduciary Standard for Discount Brokers
Under proposed law, registered reps would have no “continuing duty of care or loyalty to the customer” after providing advice.
New Executive Hires at AVIVA USA, ING
Jeff Frazee goes to Aviva USA, Lynne Ford to ING.
Cerulli Calls DB(k) a “Diamond in the Rough”
But the consulting firm says that neither advisors, asset managers or investors are enthusiastic about the one-year opportunity for Roth IRA conversions.
New York Life SPIA Sales Up 35% in 2009
In the third quarter, the largest U.S. mutual life insurer led all issuers in sales of fixed immediate annuities and sales of fixed annuities in the bank channel.
Test Your Financial Sophistication
Here are 18 true-or-false questions that economists asked Americans over age 55. The average score among the college-educated was 68%. Perhaps you'll fare better.
The Passion of Anna
Economist Annamaria Lusardi started studying financial literacy in 2000. She soon realized that it's not a luxury for the few. It's an empowerment tool for the many.
Another Departure from MassMutual Retirement Income
Gary F. Baker, vice president in the retirement income business division of Massachusetts Mutual Life Insurance Co., has left the company.
An Announcement From Chairman Scrooge
Less than a quarter (24%) of 300 companies surveyed by Hewitt Associates are offering holiday bonuses this year, down from 42% in 2008.
Goldman Sachs Announces Compensation Changes
The 30 members of the firm's management committee will receive all of their discretionary compensation in shares whose sales are restricted for five years.
JPMorgan Dials Down Its Return Expectations
Expected returns for both domestic and international large-cap stocks were lowered to 7.5% a year for the S&P 500 and to 7.75% for MSCI EAFE.
Big Money Gravitates to Wirehouse Stars
About 80% of wirehouse assets, or $3 trillion, is managed by advisor teams that manage over $200 million each, Cerulli Associates reported.
