Finance professor and decumulation expert Moshe Milevsky, writing in an upcoming issue of the Financial Analysts Journal, thinks that the practice of using "probabilities of ruin" when creating an...
Born to be vetoed: Two more House bills target DOL proposal
The bills emerging from the House Committee on Education and the Workforce would maintain the status quo by requiring disclosure of, not elimination of, conflicts of interest in sales...
Human asset transfers: Finke to American College, Webb to New School
Michael Finke, the widely published financial planning professor, is moving to The American College and Anthony Webb, an economist specializing in retirement income, is moving to the Schwartz Center...
Mothers, Don’t Let Your Babies Grow Up to Be… Student Debtors
Two out of three households headed by people who borrowed for college but didn't graduate are at risk for not maintaining their pre-retirement standard of living in retirement, according...
Honorable Mention
Brief or late-breaking items from Starburst/Wealthbox, LIMRA, T. Rowe Price, and Sumitomo Life/Symetra.
Retirement Crisis? Not for Educated Couples
A new study shows that about 29% of single women with less than a high school education and 90.2% of married women with at least a college degree education...
$100 million for retirement pilot programs in Obama budget proposal
Certain pilots are expected to study "auto-portability"--the automatic transfer of small accounts from one 401k to another when people change jobs--and, potentially, help make it a standard feature of...
Bank of Montreal introduces Smart Folio, a robo-advice solution
Disruption of the financial advice market is occurring in Canada too, with the same drivers: technology, demographics and regulation.
Better times ahead for U.S. active equity funds: Cerulli
The prospect of a rising dollar should make U.S. equities attractive to Europeans, and investors will expect active strategies to perform better than passive funds in volatile markets, Cerulli...
Five lessons for advisors from Vanguard CEO
"Financial advice is having a moment," Vanguard CEO Bill McNabb said in a release. "The best advisors are seizing this moment to tell their story."
Fed to roll over Treasuries as they mature
'Market participants desire certainty, but in the uncertain world in which we live, that desire is not consistent with the policy that would best achieve our objectives,' said William...
Danish bank offers retail robo-investing in ETF portfolios
'It is paramount that are delivered to investors in a way that complements their digital habits,” said Michael Gruener, co-head of iShares EMEA Sales at BlackRock.
Bank annuity sales dip 2.5% in first three-quarters of 2015
Over two-thirds (68.4%) of BHCs with over $10 billion in assets earned third quarter year-to-date annuity commissions of $2.49 billion, constituting 94.8% of total annuity commissions reported.
Christie nixes state-run IRA in favor of private marketplace
The marketplace will offer three options: a SIMPLE IRA, a payroll deduction IRA and a MyRA. Firms participating in the marketplace will have to offer at least two investment...
The Bucket
Brief or late-breaking items from or regarding MetLife, Voya Financial, Canadian pension funds, Protective Life and Liberty Mutual.
The Principal offers “simpler” indexed annuity
At a time when other indexed annuity issuers are experimenting with custom indices, this product links its performance only to the S&P 500, according to the issuer.
Asset managers will face fee pressure in 2016: Cerulli
Europe currently accounts for just 18% of the world's ETF market, compared with the U.S.'s 70% slice, according to Cerulli analyst Barbara Wall. But she believes that big change...
Now pitching for Voya: Allison ‘Mom’ Janney
In one of the commercials already on the air, an acorn-saving origami squirrel, fashioned from U.S. currency, teaches Ms. Janney about the importance of planning for retirement. The squirrel...
How “streamlining” a retirement plan pays off
A team of Wharton School professors documented the positive effects of reducing the number of investment options at a large non-profit institution's retirement plan to 39 from about 90...
“Roll-in” deal signed by Retirement Clearinghouse
Several years of effort by Retirement Clearinghouse (formerly RolloverSystems) to refine and popularize the automatic transfer of assets from 401k to 401k appear to be bearing fruit.