Editorial Staff, Author at Retirement Income Journal

Moshe Milevsky and the QWeMA group developed the PrARI service in 2008. It is used by a variety of financial institutions in support of their retirement income programs and...

Published May 28, 2015

The Bucket

Brief or late-breaking items from John Hancock, Broadridge, Prudential and MassMutual.

Published May 28, 2015

Stan the Annuity man QLAC Book

By Editorial Staff Fri, May 22, 2015

Question: Is ‘File and Suspend’ a Loophole?

By Editorial Staff Thu, May 21, 2015

Should a high-earning, two-income couple be able to claim an extra $48,000 from Social Security? Or should a law be passed to eliminate that possibility?

First quarter annuity sales rankings, from LIMRA

"Total annuity sales have been lower in the first quarter than the prior quarter eight out of the last nine years,” said Todd Giesing, senior business analyst at the...

U.S. DC plans are leakier than those abroad, study shows

In a new paper, a group of researchers from the National Bureau of Economic Research point out that it’s a lot harder for plan participants in Australia, Canada, Germany,...

Share buyback trend isn’t matched by insider purchases: TrimTabs

“There’s a huge disparity between what corporate insiders are doing with shareholders’ money and what they’re doing with their own money,” said David Santschi, chief executive officer of TrimTabs.

The Bucket

Brief or late-breaking items from Lincoln Financial, New York Life, Armstrong International, Pershing, DTCC, Northwestern Mutual and the Department of Labor.

Nationwide Life fined $8 million for pricing violations

By Editorial Staff Thu, May 14, 2015

'For more than a 15-year period, Nationwide intentionally delayed the delivery of untracked mail containing orders from customers and processed them at the next day’s prices in violation of...

Published May 14, 2015

A.M. Best comments on insurer stock buybacks and dividend payments

'In an environment of low interest rates and low industry premium growth, those with substantial cashflow may find they have little other choice of deploying that capital besides returning...

Published May 14, 2015

Managed accounts gain ground against TDFs as default investment: Cogent

'This increased usage of managed accounts among Mega plans signals a growing desire in the industry to offer a more personalized solution for plan participants,' said Linda York, vice...

Published May 14, 2015

LPL to pay at least $11.7 million for range of abuses

By Editorial Staff Thu, May 7, 2015

LPL, which had revenues of $1.1 billion in the first quarter of 2015, was charged with “broad supervisory failures in a number of key areas.” The broker-dealer consented to...

Wells Fargo used “pernicious” and “illegal” sales tactics: LA city attorney

The company, as part of its “Gr-eight” growth initiative, pressured its employees to sell each customer eight 'solutions,' ranging from credit card services to savings accounts to insurance products,...

Dutch gov’t to drop forced DC annuitization—but not this year

The Dutch Parliament and the pensions industry urged the state secretary to introduce legislation soon, because low interest rates are leading to low pension incomes for retiring workers as...

Retirement Clearinghouse reaches $3 billion in ‘roll-ins’

"More plan sponsors are promoting and facilitating roll-ins of accounts as a cost-effective way to improve plan performance metrics, as well as retirement outcomes for participants,” said Spencer Williams,...

The Bucket

Brief or late-breaking items from LIMRA-LOMA, Wintergreen Advisers and Transamerica.

Published April 30, 2015

Annuity CEOs receive disclosure demands from Sen. Warren

By Editorial Staff Thu, Apr 30, 2015

Breaking News: Elizabeth Warren, the Democratic senator from Massachusetts, has asked chief executives at 15 major annuity issuers to furnish her with details about the incentives they offer, if...

Spring 2015 issue of The Journal of Retirement appears

Published April 30, 2015

This issue features articles relevant to retirement income mavens, including a piece on the way options can make a retirement more comfortable and one on the implications of offering...

DTCC enhancement will allow settlement of 1035 exchanges in one day