Editorial Staff, Author at Retirement Income Journal

Published October 13, 2016

Pension risk transfers may include the purchase of annuities from life insurers, the payment to plan participants of lump sums, and/or the restructuring of plan investments to reduce risk...

Honorable Mention

Published October 13, 2016

Brief or late-breaking items from Wells Fargo , Great-West, Raymond James, Prudential, LifeYield and Envestnet.

Envestnet’s new tools to aid compliance with DOL rule

By Editorial Staff Thu, Oct 6, 2016

Envestnet, the Chicago-based technology firm, is seizing the opportunity to help broker-dealers prepare for compliance with the DOL fiduciary rule, which becomes effective next April.

Ghilarducci book calls for new breed of DC plans

Economist Theresa Ghilarducci sees the existing 401(k) system as a half-full glass; she proposes a new glass, mandatory, without leakage, less tilted to high-earners, centrally managed and leading to...

Mercer offers new turnkey fiduciary services to plan sponsors

'Plan sponsors face an increasingly difficult regulatory environment, increased litigation risk and heightened demand on their limited resources to support their 401(k),' said a Mercer executive.

Women need advice on claiming Social Security: Nationwide

Despite the expiration of the 'file-and-suspend' claiming strategy, the need for general Social Security advice and guidance still represents a big opportunity for advisors--especially with older women, according...

Nationwide to acquire Jefferson National, provider of IO-VAs to RIAs

By Editorial Staff Thu, Sep 29, 2016

Jefferson National serves nearly 4,000 RIAs and fee-based advisors with its product Monument Advisor, an investment-only variable annuity with a flat monthly fee rather than an expense ratio.

Broker-dealers expect DOL rule to prompt exodus of advisors: LIMRA

“This is a transformational event in the financial services market,” said Kathy Krozel, research director, LIMRA Distribution Research.

Unexpected taxes can hurt seniors who work longer: Kotlikoff

"We are all made worse off when are pushed out of the labor market by policies that encourage them to retire," said Larry Kotlikoff, a Boston University...

Asset location tool could boost savings by 15% over 30 years: Betterment

'Asset location is the closest thing there is to a free lunch in wealth creation,' Boris Khentov, vice president of operations and a tax attorney at Betterment.

Russell and Envestnet roll out managed account option for DC plans

The Russell QDIA is called Adaptive Retirement Accounts; Envestnet Retirement Solutions Qualified Individualized Life Target Solutions delivers participant investment advice.

Jackson offers no-load VA for fiduciary era

By Editorial Staff Thu, Sep 22, 2016

'In today’s heightened regulatory environment, many of our distribution partners are choosing this type of product to serve their clients who are seeking strategies for retirement planning, a Jackson...

With eye on DOL, IRI hires Milliman to survey annuity comp

The survey is necessary to establish industry compensation benchmarks because the DOL didn’t define “reasonable” compensation except to say that it should follow 'a market based standard,' the Insured...

MassMutual, Envestnet enhance fiduciary services

Earlier this year, MassMutual and ERS, Envestnet's registered investment advisor, added '3(21)' service to their Fiduciary Assure program. Now they're adding a '3(38)' service.

Advisors to retirees shouldn’t neglect the ‘household balance sheet’

'A complete understanding of the household's requirements and resources is necessary to apply a fiduciary standard effectively in both the accumulation and disbursement phases,' according to MacroMonitor, a publication...

Flight from active equity funds continues: Morningstar

Passive U.S. equity funds persisted in attracting investor money, with an estimated inflow of $16.4 billion in August, but it was only about half of July's $33.8 billion intake....

Published September 15, 2016

Financial Engines prepares to roar

By Editorial Staff Thu, Sep 15, 2016

Counting on synergy between its institutional managed accounts and its 120 newly-named Financial Engines Advisor Centers, the Silicon Valley managed account giant wants to aggregate all of a middle-market...

A.M. Best report defines VA issuers’ dilemma

Published September 15, 2016

Qualified VA’s will be affected by the DOL fiduciary rule, which includes more fee disclosures and level compensation structures, said a new report from the ratings agency. About 58%...

Jackson National and the Rolling Stones. Of course.