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...
Finns will link retirement age to longevity in 2028
The pension reform, which will come into force at the beginning of 2017, aims to extend working life and narrow the sustainability gap of the whole public economy by...
RIAs recognize “robo-advisers” as threats: Scottrade
Many registered investment advisers say robo-advice will put downward pressure on fees, force RIAs to appeal to younger investors, and cause investors to “expect newer ways of interacting with...
The Bucket
Brief or late-breaking items from Integrity Life, Guggenheim Partners, TIAA-CREF, and Wells Fargo Advisors.
To exit DB plan, Motorola buys group annuity from Prudential
Motorola Solutions Pension Plan intends to purchase a group annuity contract under which Prudential will pay and administer future benefits to the approximately 30,000 retirees who currently receive payments....
A robo-advisor aims at the 401(k) market
“Our goal is to ‘fix’ the epidemic of inappropriately invested 401(k) plans with a simple, scalable, professional service,” said Chris Costello, co-founder of blooom, in a release.
Mailings of paper Social Security statements to resume
Everyone over 18 will receive a benefits projection statement once every five years. After age 60, people will receive a statement every year.
The Bucket
Brief or late-breaking items from Deloitte, Voya, Lincoln Financial, Strategic Business Insights and Morningstar Inc.
Cerulli publishes pointers on capturing IRA rollovers
Of the $1.1 trillion that former participants could have rolled over in 2013, $720 billion remained in plans, awaiting future action, Cerulli analysts said.
Many women minimize their Social Security checks: Nationwide
Women who took their benefit early reported an average monthly payment of $1,025. Those who waited until age 70 collected an average of $1,630 a month, according to Nationwide's...
Don’t fall in love with “Inge”
Using Inge, ING customers will be able to speak via a “human-like conversational interface” to control their mobile banking app.
Oregon gets closer to sponsoring a statewide retirement plan
“The next step is for the legislature to settle on details and create a savings program," said Edward Brewington, AARP Oregon executive council member.
The Bucket
Brief or late-breaking items from Western & Southern, BNY Mellon, and Jefferson National.
Robo-advisors aren’t science fiction: Celent
A new report challenges the notion that investors will continue to want or need face-to-face contact with the person managing their money.
Risk-reduction strategy pays off for UK fund
Using a custom diversification measure, where 0 signifies absolute correlation and 1 no correlation, the manager of the Now Pensions fund adjusts its portfolio to stop unexpectedly correlated assets...
Murphy to run Great-West retirement business
Edward Murphy III, previously the head of defined contribution at Putnam, will lead the second largest provider in the U.S. defined contribution market with nearly seven million participants and...
