Editorial Staff, Author at Retirement Income Journal

Published August 30, 2018

LIMRA Secure Retirement Institute research chief Todd Giesing predicted that fixed-rate deferred annuity sales would increase 15% to 20% percent this year and by as much as 25% in...

Inside new target date funds, Lincoln offers risk-adjustment options

By Editorial Staff Thu, Aug 9, 2018

Morningstar Investment Management LLC will provide the glide path, portfolio construction and ongoing management for each of the portfolio strategies.

New 5-year indexed annuity contract from Eagle Life

Eagle Select Focus 5 offers a new allocation option with the uncapped upside that investors seem to prefer: the 'S&P 500 Dividend Aristocrats Daily Risk Control 5% Excess Return with...

US sends ‘myRA’ accounts to Retirement Clearinghouse

The Treasury Department will transfer the remaining unclaimed IRA assets in the canceled Obama-era workplace savings program from Comerica Bank, the original custodian.

Mortality “much lower” in annuities with living benefits: Ruark

'Aggregate variable annuity mortality has declined 3% since 2015, attributable to a combination of underlying mortality improvement and changes in business mix,' according to Ruark Consulting LLC.

Sri Reddy joins Principal’s Retirement and Income Solutions group

Reddy was previously the senior vice president and head of Full Service Investments for Prudential Retirement where he was responsible for the investments and retirement income businesses.

A new concept for defined contribution plans: The Retiree MEP

By Editorial Staff Thu, Aug 2, 2018

'Within an open multiple employer plan would exist a guidance platform--the Retiree MEP--where participants could receive objective information about retirement saving and distribution,' said Ted Goldman, Senior Pension Fellow...

Ireland establishes guidelines for master trusts

Ireland’s government is exploring several pensions and welfare reforms, including changes to the state pension, new protections for defined benefit plans and participants, and the introduction of automatic enrollment....

With HSAs, raising contribution limits will raise contributions: EBRI

House passed a bill raising contribution limits to health care savings accounts (HSAs). The Employee Benefit Research Institute expects individual contributions to HSAs to rise as a result.

Ascensus acquires two TPA firms

Continental Benefits Group, Inc., and 401kPlus will be folded into Ascensus' TPA Solutions division, Ascensus announced this week.

Prudential sells $923 million group annuity to Raytheon

The agreement transfers the responsibility for paying certain pension benefits to approximately 13,000 U.S. retirees, as well as their beneficiaries, from Raytheon’s previously discontinued operations.

Published July 26, 2018

June was a ‘risk-off’ month for equities: Morningstar

By Editorial Staff Thu, Jul 26, 2018

‘With the global population aging and many investors focused on capital preservation, equity demand among fundholders remains tepid,’ said the Morningstar Direct Asset Flow report for June.

‘Freedom’ is the key to Sammons’ new variable annuity

Published July 26, 2018

'The unique feature is the Freedom Date,' said Bill Lowe, CEO of Sammons Retirement Solutions. 'If you buy this at age 60, at age 80 you have 100% access...

RIAs should beware the stress of success: Cerulli

By Editorial Staff Thu, Jul 19, 2018

'As firms surpass $1 billion in assets, they reach a new phase in their business lifecycle,' said Kenton Shirk, a director at Cerulli, in a release.

RIJ and others urge Senators to take action on retirement

A non-partisan group of eleven academics, researchers and journalists, including RIJ's Kerry Pechter, promised to help Sen. Cory Booker and Sen. Todd Young convene a Retirement Security Commission.

Inside the Beltway, pro-retirement proposals pile up

To incentivize small employers to offer retirement savings plans to employees, Senators Susan Collins (R-ME) and Mark Warner (D-VA) have introduced the SIMPLE Plan Modernization Act (S.3197), which is...

Honorable Mention

Vanguard publishes 'How America Saves'; Milliman reports on rising pension funded ratios; Lincoln Financial adds financial wellness offering.