Eight core ideas for retirement planning: Wade Pfau
Here are eight useful principles from the award-winning economist and professor of Retirement Income at The American College of Financial Services.
RetireUp can now illustrate Allianz Life and Great American annuities
'Usually if a client brings up something new in a meeting, you have to go back to the home office to see how it will affect the annuities in...
Hybrid robo-advisors will eclipse pure robo: Swiss report
'The robo model of investment portfolio management will be good enough in the eyes of a larger proportion of investors than the wealth management industry itself yet seems ready...
‘No time for complacency,’ A.M. Best warns annuity issuers
In 2016, life and annuity companies will face increasing life expectancy trends, the rise of cyber risk as a life “catastrophic” event and increasing investment risk from traditional and...
New fintech solutions from ASI, BondView and Envestnet
"With this release, we believe we have set new standards for usability, scalability and flexibility in the digital advice space," said Andrew Rudd, Chairman and CEO of Advisor Software...
New York City eyes public savings plan for private sector workers
Contributions would be made exclusively by employees and their accounts would be portable from job to job. The city would create a board to oversee and manage the program.
401(k) and IRA balances reflect market volatility: Fidelity
After decreasing in Q3 2015 due to market volatility, average retirement account balances recovered in Q4 2015, but were still below the averages from Q4 2014.
‘American Savings Account’ proposed
The ASA has provisions similar in some ways to automatic IRA programs that have been proposed at the federal level, and are now being pursued by a number of...
Road to “ruin” should be less traveled: Milevsky
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.
