Hord and Bradley-Golding join Voya’s large-plan retirement team
Bob Hord previously worked at Wells Fargo and Sally Bradley-Golding previously worked at Financial Engines.
Vanguard fees fall to as low as two cents per $1,000
The expense ratio reductions span five fund share classes (Investor, Admiral, ETF, Institutional, and Institutional Plus) across five fund categories: Domestic stock index, domestic bond index, balanced index, managed...
In DC plans, managed accounts and TDFs suit different wealth tiers: Cerulli
The four largest managed account providers in the U.S., with about 95% of the market, include Financial Engines (60%; $113.4 billion), Morningstar (21%; $40.3 billion), Fidelity (8%; $14.5 billion)...
Manager who helped launch three-insurer in-plan annuity rejoins AllianceBernstein
In his first tour at AB, Jeff Eng helped develop and launch Lifetime Income Strategy, the first target-date fund with a guaranteed lifetime withdrawal benefit rider option provided by...
Those who work longer live longer, study shows
Healthy retirees who worked a year longer had an 11% lower risk of mortality, while unhealthy retirees who worked a year longer had a 9% lower mortality risk.
Integrity Life enhances popular Indextra indexed annuity
Launched Sept. 29, 2014, Indextra has garnered sales to date of more than $800 million, making it the most successful first-year product debut in W&S Financial Group Distributors history....
Envestnet and partners add automated retirement solutions
VMS's Retirement Revolution platform offers multiple services, including plan design and set-up, full recordkeeping and administration, and fiduciary protection that addresses the new DOL rules, the companies said in...
Morningstar and Redtail expand partnership
The integration expands the relationship between the two firms. In 2014, Morningstar's proprietary research and analytics were added to the Redtail CRM user interface.
Americans still overestimate safe retirement spending rate: NY Life
At greatest risk are the 31% of respondents who believe they can spend 10% or more of their savings each year.
Symetra’s new indexed annuity offers rising lifetime payout rates
If a single person age 60 to 64 invested $100,000 in a Symetra Income Edge FIA contract, under the level option he or she would be eligible for a...
Advisors must distinguish themselves from robots: Cerulli
'As the ‘robo’ threat stirs conversations about the cost of advice, it is more important than ever for advisors to articulate their value,' said the latest edition of The...
Double-digit revenue declines at Sun Life and Manulife: A.M. Best
Nine of 23 life/annuity companies reported higher revenues in 2015, but two Canadian companies, Manulife Financial and Sun Life Financial, saw revenue declines of 38.2% and 25.2%, respectively.
Vanguard again leads monthly active and passive inflows: Morningstar
Vanguard's 28.9 billion net inflow for the month was higher than inflows for the other nine largest fund companies combined. All active fund providers but American Funds and BlackRock...
Honorable Mention
Brief or late-breaking items from Millennium Trust, AARP, The American College, Allianz Life and the Teamsters Union.
Record sales of indexed annuities brighten otherwise flat 2015
Fixed indexed annuity sales hit a new high of $16.1 billion in the fourth quarter of 2015, up 11.9% from $14.4 billion in the prior quarter and up...
Fiduciary rule may be long-run “negative” for life insurers: Fitch
The new regulations could have a "negative impact on the sale of certain annuity products, drive changes in product offerings, distribution strategies and compensation structures and lead to increased...
LIMRA LOMA launches fiduciary rule help center
'We will host several events, where industry leaders tasked with implementation can share their ideas and perspectives on the challenges created by the DOL fiduciary rule," said a release...
With DOL in mind, Insurance wholesaler starts an RIA
'With the pending DOL rule, we feel that Sawtooth is helping us to be uniquely positioned to help our advisors satisfy the requirements of the new rule,” said...
Lincoln adds new death benefit to VA as tax buffer
The "Earnings Optimizer" will cost 40 basis points per year for contracts owners or annuitant under age 70. The cost will be 70 basis points per year for those...
Ruark shares results of FIA behavior study
In contrast to variable annuities, the FIA experience does not show clear sensitivity to the relative value or “moneyness” of GLWB riders, Ruark found after studying eight years of...
