Many regret claiming SS early: MassMutual
Many people file early because they aren’t working, lack savings, and need the monthly income Social Security provides; yet the same people would benefit most from claiming later.
Target-date CITs grew in 2018: Morningstar
Assets in target-date strategies totaled more than $1.7 trillion at the end of 2018, with $1.1 trillion in mutual funds and approximately $660 billion in target date CITs. Vanguard...
Germany struggles with defined contribution
Among low-income Germans, only 28% of those earning up to €2,500 ($2,804) a month were signed up for a workplace pension and just over half (52%) of those earning...
Honorable Mention
Securian to offer individual annuities in the bank channel; 'Bucketing' software, by subscription, for professionals and amateurs; Loans from 401(k)s still declining: T. Rowe Price.
Top earners in US own mid-sized businesses
Among the top 0.1% Americans in terms of income, business owners are well-represented. They frequently own small or mid-sized companies such as auto dealerships, beverage distributors, or large law...
Honorable Mention
UK pensions race to de-risk before Brexit; 'The environment' ranks low when choosing investments: Allianz Life; OASDI reserves rise $3 billion and gain a year of viability; CBO expects...
A retirement readiness tool from Alliance for Lifetime Income
The Alliance for Lifetime Income, a trade group made up mainly of annuity issuers and asset managers, has created an online wizard for calculating retirement readiness.
Financial Engines keeps growing
The 401k investment advice firm added hundreds of plans. Phyllis C. Borzi, who led the Obama administration's fiduciary rule effort, has joined the Edelman Financial Engines board of directors....
Global insurers wary of recession: Goldman Sachs
'Global insurers are decreasing allocation to public equities,' said Michael Siegel, GSAM’s Global Head of Insurance Asset Management. 'Insurers are also shifting to less liquid asset classes such as...
Fin-wellness offerings grow at Prudential, MassMutual
Prudential has enhanced its Prudential Pathways offering and MassMutual has added health care savings accounts to its MapMyFinances platform.
Honorable Mention
Great American launches two three-year FIAs; Allianz Life backs a structured note platform; Guilbert becomes division president at Symetra Life; Broadridge to buy TD Ameritrade retirement unit.
Honorable Mention
IRI issues 4Q 2018 annuity sales report; iPipeline favors “best interest” rule in New York; Vestwell, a retirement plan fintech, raises $30 million; Vanguard brings new active commodities fund...
Blueprint Income, a fintech firm, will sell Pacific Life deferred income annuity online
The deferred income annuity is called 'Next.' The two companies envision Generation X-ers using the Blueprint Income platform to buy a personal retirement pension, one installment payment at a...
Principal buys Wells Fargo’s retirement business
The acquisition will double the size of Principal’s U.S. retirement business in terms of total recordkeeping assets. More than two-thirds of Wells Fargo’s institutional retirement assets are in plans...
Pfau named director of RICP program at The American College
Wade D. Pfau (pictured) will also serve as co-director, with Steve Parrish, of the New York Life Center for Retirement Income at the college. College president and CEO George...
Different folks, different retirement strokes
MassMutual sponsored interviews with Americans of several different ethnicities and found striking differences in their attitudes toward and expectations of retirement.
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Allianz Life’s new binary indexed annuity: A remedy for RMDs
Most retirees don’t want to get involved in the management of RMDs, says Matt Gray (photo), a senior vice president for product innovation at Allianz Life. He's got a...
TrimTabs foresees no US slowdown
The research firm said in a release this week that its Macroeconomic Index is near a record high.
Annexus announces new indexes for Athene, Transamerica annuities
Athene and Annexus also said they intend to launch a new fixed index annuity, called Athene Velocity, with a free built-in income rider, but did not elaborate.
Honorable Mention
Ubiquity raising $19 million to finance small plan recordkeeping software; Gen-Xers are a lost generation in the workplace: MetLife; Betsy Palmer takes top communications job at AIG; New 3.05%...
