Fall Issue of The Journal of Retirement Appears
Here's a list of the eight articles in the current issue, along with abstracts of their content. The featured authors include Moshe Milevsky of York University and CANNEX, David...
All skewed up: Most IRA owners hold extreme asset allocations
IRA owners with the largest account balances had the lowest exposure to equities (in equity funds and balanced funds) in 2012, according to a study by the Employee Benefit...
A 23.8-year average retirement for female DB pensioners: SoA
Among males age 65, overall longevity rose 2.0 years from age 84.6 in 2000 to age 86.6 in 2014. For women age 65, overall longevity rose 2.4 years from...
LIMRA links undersaving by Boomers to spending on family cellphone plans
“Parents of Millennials, even those over the age of 22, are providing considerable support to their children at a time in their lives when saving from retirement should be...
The Bucket
Brief or late-breaking items from Retirement Clearinghouse, Allianz Life, Prudential Financial and Symetra.
UK keeps pressing for lower retirement plan fees
“Gone are the days when a government will allow a government-approved product to charge 1.5% for 10 years,” said Steve Webb, member of parliament, at the UK National Association...
The Bucket
Brief or late-breaking items from Sutherland, Asbill & Brennan LLP, Prudential, Fidelity, Envestnet, U.S. Bancorp and Athene.
Voya CEO to run firm’s Retirement Solutions group
"We believe we can achieve our 2016 Ongoing Business operating ROE target of 12-13%, as well as our Ongoing Business operating ROC target of 10-11%," Rodney O. Martin Jr....
New York Life’s DIA surpasses total premiums of $2 billion
The current payout rate for a 60 year old male who defers for 10 years is about 12%, so that a $100,000 premium would provide a 60 year old...
A one-person defined benefit plan? Who knew?
Personal DB plans are a potential alternative for physicians, sole practitioners, small businesses and small companies with only a few employees, according to the CEO of a company in...
Wells Fargo to distribute Allianz Life’s ‘Essential Income 7’ FIA
"Essential Income 7 can earn indexed interest through the S&P 500 and Barclays US Dynamic Balance Index allocations. Indexed interest is credited by an annual point-to-point with a cap...
MassMutual relaunches small company 401(k) package
Aviator was initially available through The Hartford’s Retirement Service Group before MassMutual purchased it in 2013, Aviator is being reintroduced with several enhancements, including a new line up...
Guaranteed Lifetime Income Appeal Index created
At present, according to a new survey by CANNEX and Mathew Greenwald & Associates, only 16% of consumers score highly on the GLI Appeal Index, which measures the likelihood...
Chinese insurer buys Waldorf-Astoria
The buyer is Anbang Insurance. The seller, Hilton Worldwide Holdings, will continue to operate the iconic art deco hotel, which adjoins a 47-story office tower.
Does end-of-life family care ‘crowd out’ annuities?
In their study, “Annuitized Wealth and Post-Retirement Savings,” John Laitner and Dmitriy Stolyarov of the University of Michigan and Daniel Silverman of Arizona State call these late-life inter-family transfers...
A.M. Best takes pulse of insurance industry
The ratings agency's recent survey asked companies to identify how they planned to invest new money in 2015, and alternative assets also were viewed in terms of investment perspective...
Which older workers will cling to their jobs?
The trend of delayed retirement is becoming increasingly common among employees who are “disengaged, unhealthy and/or stressed,” all of which pose productivity challenges for employers, according to a recent...
The Bucket
Brief or late-breaking items about an in-plan income option from Lincoln Financial, a new long/short fund for Elite Access, and news from LIMRA and John Hancock.
Deniers of retirement savings crisis strike again
In their recent Wall Street Journal article, Andrew Biggs and Sylvester Schieber cite a study showing that the average U.S. retiree has an income equal to 92% of the...
U.S. paper assets are $198 trillion: Fed flow of funds report
The net worth of households and nonprofits rose $1.4 trillion to $81.5 trillion during the second quarter of 2014. The value of directly and indirectly held corporate equities increased...
