Editorial Staff, Author at Retirement Income Journal

GAO recommends changes to “automatic rollover” practices

By Editorial Staff Thu, Jan 15, 2015

In its research, GAO reviewed policies regarding forced transfers of inactive accounts in six countries policies in six countries, including the U.K., Australia, Switzerland, the Netherlands, Denmark and Belgium....

Published January 15, 2015

Independent advisors will manage more than wirehouses by 2019: Cerulli

By Editorial Staff

“More than two-thirds of advisors indicate they would prefer the independent broker/dealer, registered investment advisor, or dually registered models if they decided to leave their current firms,” said...

Published January 15, 2015

Another longevity reinsurance deal for Prudential Retirement

By Editorial Staff

The transaction marks Prudential Retirement’s fifth longevity reinsurance deal since 2011 with Rothesay Life and the second in the past six months, according to a release.

Published January 15, 2015

Security Benefit adds high-dividend stock index to fixed indexed annuity

By Editorial Staff

The Index also aims for a targeted volatility rate of 6%—about half the S&P500’s historical volatility—through actively adjusted cash exposure.

Published January 15, 2015

A 100-150 bps rise in rates would help life insurers: Fitch

By Editorial Staff Thu, Jan 8, 2015

Conversely, if interest rates decline to levels seen in 2012 and stay there much beyond 2015, Fitch would likely change the outlook for life insurers to negative, the ratings...

Published January 8, 2015

Year-end shift into ETFs is a ‘contrary indicator’: TrimTabs

By Editorial Staff

U.S. equity exchange-traded funds recorded a record inflow of $45.4 billion in December and $90.1 billion in fourth quarter 2014, the investment research firm said in a release.

Published January 8, 2015

U.S. seeks public comment on asset management risks

By Editorial Staff

The Financial Security Oversight Council has decided to undertake a "more focused analysis of industry-wide products and activities to assess potential risks associated with the asset management industry."

Published January 8, 2015

Gene Steuerle wins TIAA-CREF’s Samuelson Award

By Editorial Staff

The Urban Institute economist won the 19th annual award for his book, 'Dead Men Ruling: How to Restore Fiscal Freedom and Rescue our Future,' which RIJ reviewed last summer....

Published January 8, 2015

Watchdog group decries change in swaps regulation

By Editorial Staff Tue, Dec 16, 2014

MapLight, which tracks the influence of money in U.S. politics, claims that the four banks benefiting most from last week's relaxation of rules against swaps trading by federally-insured banks...

Published December 18, 2014

Nationwide Settles 401k Fee Suit for $140M

By Editorial Staff Mon, Dec 15, 2014

"This is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider. It is... nearly 10 times greater...

Published December 18, 2014

Assets keep flowing toward index and exchange-traded funds

By Editorial Staff

PIMCO's firm-level outflows slowed to $12.8 billion after much larger redemptions in September and October. Janus, with Bill Gross on board, experienced its second positive month in November after...

Published December 18, 2014

Towers Watson cuts out middleman in longevity risk transfer deals

By Editorial Staff

Towers Watson’s service, Longevity Direct, will give pension funds access to a “ready made insurance cell,” which it said could write insurance and reinsurance contracts for longevity swap transactions.

Published December 18, 2014

Ruark Publishes Biannual VA Usage Study

By Editorial Staff Thu, Dec 4, 2014

Many owners of variable annuities with lifetime income riders are not using their benefits as efficiently as they could, Ruark found. They often draw down too much or too...

Published December 4, 2014

Mature Americans need retirement advice (desperately)

By Editorial Staff

The oft-cited “four percent rule” for a safe withdrawal rate in retirement is unfamiliar to seven in ten Americans (69%), according to a survey by The American College. Sixteen...

Published December 4, 2014

Hungarians protest end of state-sponsored DC plan

By Editorial Staff

Despite a protest march in Budapest, the government has threatened to shut down the last four funds in the “second-pillar” system unless they can prove that at least 70%...

Published December 4, 2014

Genworth introduces FIA with income rider

By Editorial Staff

The new product, SecureLiving Growth+, includes four crediting methods and a lifetime income option with a 1.10% annual charge.

Published December 4, 2014

Income options in DC plans still rare: PSCA

By Editorial Staff

The Plan Sponsor Council of America has released its 57th Annual Survey of Profit-Sharing and 401(k) Plans, with data on 613 plans with eight million participants and $832 billion...

Published December 4, 2014

How Jackson National uses iPads to compete

By Editorial Staff

“At the beginning of this year we started giving our wholesalers iPads instead of laptops,” said Jackson vice president Luis Gomez. “As they visited advisors and went through...

Published December 4, 2014